Bank of Spain - Annual Report 2004

According to the Bank of Spain's Annual Report 2004, the Spanish economy departed, for another year, from the pattern of behaviour of the euro area, with its activity running at a brisker pace and firmer continuity in its growth pattern.

"Broadly, the economic situation for 2004 and early 2005 has been marked by the extension of the long growth phase experienced by the Spanish economy since the convergence and macroeconomic stability policies began to be pursued after emerging from the 1993

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