MADRID | The Corner | The Spanish government sent its Stability Program update to the European Commission on Wednesday, along with its National Plan of Reforms, as the country officially confirmed the 0.4% GDP growth in 1Q14 that the Bank of Spain already published last week.
MADRID | By Julia Pastor | Spain grows slowly but at a firm pace. Bank of Spain estimates that the country’s GDP increased by 0.4% in the first three months of present year against previous quarter when it rose 0.2%. This also means that year-on- year rate climbs by 0.5% reaching positive territory for the first time after nine consecutive quarters falling. After a painful recession, the government was euphoric to announce the biggest leap forward in six years.