Bank of Spain cautiously optimistic on economy

Spain's GDP rose to an annual rate of 2.2% in the second quarter, the Bank of Spain's quarterly report showed Monday. The Bank said that the pick-up was largely thanks to the improved global outlook, robust consumer spending and low interest rates, EUObserver reported.

Source: EUObserver

Continuing its slow but steady recovery, Spain has once again posted improved growth figures for the second quarter of this year.

The Gross Domestic Product (GDP) rose to an annual rate of 2.2% between April an