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Thursday, January 30, 2014

Spanish recovery firms up a bit.

As expected, Spain's GDP growth strengthened to 0.3% on quarter in Q4 from 0.1% in Q3. Rising exports helped lift the economy, while there were also signs of a recovery in domestic demand. "These are positive elements which, to some extent, show we've left the recession behind, but we still have a great deal to do, "The path ahead is full of obstacles, which, above all, includes an unemployment rate of 26%."

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