Spain grows a 0.7% in 2011 in spite of falling 0.3% the last months

The Gross Inner Product of Spain advanced an average of 0.7% in 2011, according to the first advance of national accounting that has published today the NSI. In spite of the positive balance of the year, the statistic office also confirms the return to the contraction of the Spanish economy in the fourth trimester with a reduction of 0.3% in front of the September closing, when it stagnated. The data, therefore, confirms the bad news that already had advanced so much the IMF as the Bank of Spain.

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