Spain’s economy recovers at the end of the year and leads to GDP growth of 2.5% in 2023.

A container ship docks at the port of Barcelona (April 1, 2021).
E.P.

Spanish economy gained momentum in the fourth quarter of the year with an increase of 0.6%, after recording growth of 0.6%, 0.4% and 0.3% in the first, second and third quarters, respectively. The data, which will not be final until March 26, leads to Spanish economy growth will slow to 2.5% in 2023 after rising 5.6% in 2022, despite inflation and war in 2022, according to Quarterly National Accounts data released Tuesday by the agency National Institute of Statistics