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Spain registered average annual growth of 4% in H1: economy minister

[MADRID] The Spanish economy is believed to have registered an average annual growth of 4 per cent in the first half of 2015, Economy Minister Luis de Guindos said on Wednesday.

The average annual growth rate is an hypothetical measure that projects the growth rate for a specific period to the entire year.

This means that if the expansion of the first half is sustained through the year, the Spanish economy will expand by 4 percent in 2015.

Spain's economy, which began emerging from a long recession in mid-2013, grew 0.9 per cent between January and March, its fastest quarterly rate in more than seven years, National Statistics Institute INE said in May.