Spanish GDP for the first quarter of 2015 was just announced, and it was even better than expected — GDP rose by 0.9%.
The country is quickly becoming Europe’s star performer, and this is its fastest growth since 2007. Analysts were expecting a 0.8% expansion.
Economists are forecasting eurozone growth to come in at 0.5% this quarter — but some project a larger expansion.
Dutch bank ABN AMRO suggested that the growth could be as high as 0.7%, driven by consumer spending and lower fuel prices. The bank’s model actually suggests an even faster rate of growth, running at more like 1%.