World

Spain's economy close to recovering pre-crisis levels

In his pre-summer vacation press conference, Spanish Prime Minister Mariano Rajoy said the latest figures showed Spain had "recovered the wealth we had before the crisis."

28.07.2017

(AFP) - Spain's economic activity is on the verge of recovering pre-crisis levels, official figures showed Friday, thanks to strong domestic consumption, an improvement in manufacturing and a tourism boom.

Prime Minister Mariano Rajoy welcomed the news, but critics said that while the economy is getting back on track and unemployment is dropping, there are still more people out of work than before the crisis and inequalities have risen.