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Spain Q2 GDP holds at 0.7% q/q as domestic demand drives growth

Spain’s economy grew 2.6% year-on-year in the second quarter, maintaining its first-quarter pace as strong domestic demand offset a drag from net trade, final data from the National Statistics Institute (INE) showed on Friday. Gross domestic product rose 0.7% quarter-on-quarter, accelerating from 0.6% in the first quarter. [....]