Economics
Italy, Spain Economies Set to Expand at Fastest Rate Since 1970s
Customers eat and drink outside bars in Madrid, Spain.
Photographer: Paul Hanna/BloombergThis article is for subscribers only.
Italy and Spain are set to record the fastest pace of economic expansion this year in more than four decades, a strong rebound that will help the countries overcome last year’s deep recession.
Spain’s gross domestic product will expand 6.2% in 2021, while Italy will record a rate of 5.6%, according to a Bloomberg survey of economists published on Monday. That’s a 0.3 and 0.6 percentage point increase, respectively, compared with a survey published in July.