Spain GDP expanded a faster than expected 2.8% in Q2 from Q1


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Spain’s gross domestic product expanded 2.8%

in the second quarter compared to the previous three-month

period, as the government loosened most of the COVID-19

restrictions on businesses, preliminary data from the National

Statistics Institute showed on Friday.

The growth was faster than the 2.2% expected by analysts, came

after a 0.4% contraction in the first quarter.

On an annual basis the economy grew by 19.8% and more than the

19% expected by analysts according to a Reuters poll.

Earlier this week, the Spanish government maintained its

economic growth forecast for the year at 6.5%.

(Reporting by Joanna Jonczyk-Gwizdala, Editing by Inti