MADRID: Spanish economy has expanded by 1.4 percent in 2014, after five years of recession or no growth. The gross domestic product (GDP) of the eurozone s fourth largest economy rose to 1.06 trillion euros, Ine said in a statement.
Last year also marked the first full year of economic growth since a 2008 property crash which put millions of people out of work and pushed the country to the brink of a bailout. Spanish Prime Minister Mariano Rajoy s government this week revised its growth forecast for this year upwards to 2.4 percent from 2.0 percent and said the country could create over half a million jobs in 2015.
