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Bank of Spain says domestic demand surge likely to slow in Q3
Imaduddin
24 Sep, 2014
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![](https://i.brecorder.com/images/2014/09/spain-flag3.jpg">MADRID: Growth in private consumption and new job creation, fundamental factors in the turnaround in Spain's crisis-torn economy, are showing signs of slowing in the third quarter, the country's central bank said on Wednesday.</P><P>Spain's economy grew at its fastest pace in six years in the second quarter, marking three quarters of expansion following an on-off recession that began in 2008 after a decade-long property bubble burst.</P><P>The return to growth, which has made Spain one of the euro zone's few economic success stories this year, has been helped by rising domestic demand as Spaniards sense an end to a slump which has left millions out of work.</P><P>A slowing of this rate of growth is likely to weigh on the country's economic performance.</P><P>)