Spain's economy grew faster than expected in 2022 as strong domestic consumption and a surge in investement offset worries over high inflation, officials figures showed Friday.. The INE said the growth figures reflected a strong performance in spring when gross domestic product rose by 2.2 percent between April and June thanks to steady household consumption.

Spain's economy grew faster than expected in 2022 as strong domestic consumption and a surge in investement offset worries over high inflation, officials figures showed Friday.

Despite soaring energy and food prices fuelled by the war in Ukraine, the economy grew by 5.5 percent, similar to the previous year and well above the government's target of 4.4 percent, according to an initial estimate by the National Statistics Institute (INE).

"Despite the prophets of doom, we have strong economic growth, the lowest inflation in Europe and record employment," tweeted Prime Minister Pedro Sanchez, saying the figures showed "the strength and resilience of the Spanish economy".

The INE said the growth figures reflected a strong performance in spring when gross domestic product rose by 2.2 percent between April and June thanks to steady household consumption.

That boost offset a sharp slowing of activity towards the end of the year -- when GDP grew by just 0.2 percent in the third and fourth quarters -- in a context of high consumer prices that affected economies across Europe.

In Spain, inflation reached an average of 8.4...

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