Growth without private investment: how the Spanish economy improves with fewer resources
Spanish GDP data show strength, although productivity raises doubts in a context of progress in digitalization that indicators do not fully capture.
Spain's economy grew 2.7% annually in the third quarter, according to data released by the Instituto Nacional de Estadística (INE). The growth is a sign of good health, but it is creating less employment and investment is modest. The influx of labor has contributed to growth in recent years, but this may have reached its limit. Spain has the highest growth among developed economies.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
