Yes, but the output gap continues to widen until GDP growth exceeds productivity gains until then it’s the old ‘good for stocks, bad for people’ thing

Spain emerges from 2-year recession

By Holly Ellyatt

October 29 (Bloomberg) — Spain’s economy emerged from a two-year recession in the third quarter, according to preliminary data released on Wednesday.

Spain’s gross domestic product (GDP) grew 0.1 percent in the third quarter, the data released by the country’s statistics agency showed, in line with forecasts by analysts polled by Reuters.