Spain’s economy has outperformed Germany and France this year as international tourism climbs to record highs . But its strong economic performance may be curtailed by the worst flooding in decades.
The country’s gross domestic product expanded by 3.4% year-on-year in Q3, compared to 3.2% in Q2, the National Statistics Institute reported on Wednesday. That beat analysts’ forecasts of 2.9%.
Spain received 9.6 million international tourists in September, or 9.1% more than in the year-ago period, official data showed. In the first nine months of 2024, 73.9 million tourists traveled to the Mediterranean country.
Strict quarantines imposed during the Covid-19 pandemic hit the
