Spanish economy News

More than 22 percent of people in Spain were living in poverty in 2013, the year the country`s recession officially ended, new official data showed Tuesday.

Growth accelerated in the fourth quarter to 0.7 percent from 0.5 percent in the third quarter, according to provisional figures from the National Statistics Office.

The number of people registered as unemployed in 2014 dipped by 253,627 to 4.45 million, the labour ministry said this week.

Behind the iron door of a ground floor flat in Madrid`s working-class suburb of Vallecas around 30 people have gathered as Veronica Hidalgo announces she will be evicted from her home in 2015.

Spain`s economy grew by 0.5 percent in the third quarter from output in the previous three months, initial data showed on Thursday in a further sign of recovery from recession.

Spain has clawed back 28 billion euros ($37 billion) since launching a crackdown on tax fraud two years ago in a bid to fix public finances, the government said on Tuesday.

The Spanish economy, the eurozone`s fourth-largest, grew by 1.2 percent over 12 months, following four consecutive quarters of expansion.