"In 2014, Spain's GDP grew at a rate of 1.4% while employment did so at 1.2%, the first positive figure since the start of the crisis.
The Spanish economy will grow at a rate of 3.1% on average in 2015, an upward revision of 0.3 pp on the projections published in March.
Average growth in the first half of the year, in annualised terms, is thus expected to be around 4%.
expansionary impulses, such as the fall in oil prices and the depreciation of the euro. For 2016, the projections estimate average growth of 2.7%.
The general government deficit met the objective set by the European Council (5.8% of GDP) for the third year running. In 2014, fiscal policy had a less restrictive impact than in the preceding years and was a less prominent conditioning factor of macroeconomic developments.
The public debt/GDP ratio rose in 2014 to 97.7%,
Spanish household debt stood at end-2014 at 71% of GDP, 10 pp above the euro area average, when in 2010 ... (was) 20 pp above it; non-financial corporations' debt stood at the end of last year at 92% of GDP, 8 pp above the euro area average, when in 2010 the gap was 35 pp.
...non-performing loans (NPLs) to the resident private sector fell both in absolute terms (by more than €24 billion) and in terms of the NPL ratio, which declined by almost 1 pp to 12.9%."
The Spanish economy will grow at a rate of 3.1% on average in 2015, an upward revision of 0.3 pp on the projections published in March.
Average growth in the first half of the year, in annualised terms, is thus expected to be around 4%.
expansionary impulses, such as the fall in oil prices and the depreciation of the euro. For 2016, the projections estimate average growth of 2.7%.
The general government deficit met the objective set by the European Council (5.8% of GDP) for the third year running. In 2014, fiscal policy had a less restrictive impact than in the preceding years and was a less prominent conditioning factor of macroeconomic developments.
The public debt/GDP ratio rose in 2014 to 97.7%,
Spanish household debt stood at end-2014 at 71% of GDP, 10 pp above the euro area average, when in 2010 ... (was) 20 pp above it; non-financial corporations' debt stood at the end of last year at 92% of GDP, 8 pp above the euro area average, when in 2010 the gap was 35 pp.
...non-performing loans (NPLs) to the resident private sector fell both in absolute terms (by more than €24 billion) and in terms of the NPL ratio, which declined by almost 1 pp to 12.9%."
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