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Spain Q1 GDP beats forecast; outlook still murky
14 May 2011 @ 12:24

(Reuters) - Spain's economy grew in the first quarter at its fastest annual pace for almost two years but domestic demand continued to lag, raising concerns it could yet struggle to sustain a rebound from a harsh recession.

The economy expanded 0.8 percent, just ahead of forecasts and its strongest rate since the second quarter of 2008 as exports performed robustly, the National Statistics Institute reported.

Gross domestic product grew 0.3 percent from the previous quarter, a nudge higher than consensus of 0.2 percent and of an earlier report by the central bank that also measured growth at 0.2 percent.

Source: Reuters




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