Spain's Economy Picks Up Steam, Outpacing European Peers

• Spain's GDP grew 0.6% in Q4 2023, exceeding expectations and showing signs of accelerating growth • Strong household consumption and investment are fueling Spain's growth • Funding for green, digital projects and continued EU recovery funds also supporting business investment • Spain outpacing peers like Germany that rely more heavily on manufacturing vulnerable to global slowdown • Falling inflation in February could prevent rates from reaching 2% target this year despite economic momentum