Spanish Growth Slows in Third Quarter as Imports Jump
- Statistics office publishes details of third-quarter GDP
- Government forecasts Spain's economy to grow 3.3% this year
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The Spanish economy slowed in the third quarter, indicating the recovery may have peaked ahead of next month’s general election.
Import growth accelerated to 4 percent from 1.6 percent in the previous quarter as gross domestic product expanded by 0.8 percent, the Madrid-based National Statistics Institute said Thursday. Exports rose 2.8 percent in the three months to September, while household consumption increased by 1 percent.