MADRID: The Spanish economy has been growing at a rate of more than 10% so far in the third quarter after a record drop in the preceding quarter due to the impact of the coronavirus pandemic, Economy Minister Nadia Calvino said today.
"With all the precaution and prudence, we can expect growth of more than 10% in the third quarter of the year," Calvino told a financial event held in the northern city of Santander. To repair the ravaged economy, the Spanish government is counting on the €140 billion it is due to receive from the European Union's recovery fund, about half of which will be in non-repayable grants.
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