Spain’s economy has been growing at a faster rate in recent months than at any time since 2007. The country’s National Statistics Institute has revealed that GDP rose 3.2 percent during 2015, just below the government’s estimate of 3.3 percent. The office drilled down into the data, poitning out that second half growth of 0.8 percent was slower than it was during the first two quarters of 2015. However, it means that Spain’s economy has shown growth for 10 consecutive months, and that GDP growth, rather than contraction has been achieved for two years running. Spain endured a 1 percent fall in GDP in 2011, which worsened to 2.6 percent in 2012. The fall softened in 2013 when the GDP numbers were just 1.7 percent worse, and finally made it into positive terrotory in 2014. The IMG is predicting a third year of growth in Spain, with a 2.7 percent improvement expected.
