The Spanish economy grew 3.2% in 2024: Why is it outperforming peers? [Yahoo! Finance]
CAIXABANK SA UNSP/ADR (CAIXY)
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Source: Yahoo! Finance
strongest growth performances in 2024, outshining larger economies and ushering in a new era of economic dynamism for Madrid. Spain's gross domestic product expanded by 0.8% on quarterly basis during the fourth quarter of 2024, according to the final reading released by the Spanish statistics agency INE on Wednesday. For the full year, the Spanish economy grew by 3.2%, more than double the eurozone average of 0.9%. Among eurozone countries, only Malta (6%), Croatia (3.8%) and Cyprus (3.4%) delivered stronger results. In sharp contrast, Germany's economy contracted by 0.2%, while France and Italy managed tepid growth of 1.1% and 0.7%, respectively. The outperformance of Spain is a consequence of both structural shifts and cyclic
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