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Thursday, January 23, 2014

Spain's fragile recovery continues.

Spain's economy grew for the second quarter in a row in Q4, the Bank of Spain says, expanding by 0.3% on quarter. However, the recovery remains fragile, with 2013 GDP falling 1.2%. In addition, unemployment edged up to 26.03% last quarter from 25.98% previously and was above consensus of 26%. Still, the number of people out of work dropped by 8,400. The IBEX 35 was +0.5% at the time of writing.

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