Capital Market News Spanish Gross domestic product grew 0.2 percent sequentially in first quarter of 2022, slower than the 0.3 percent expansion estimated on April 29. The quarterly growth rate has eased from 2.2 percent in the fourth quarter of 2021. Year-on-year, economic growth accelerated to 6.3 percent from 5.5 percent in the fourth quarter. The first quarter rate was revised down slightly from 6.4 percent.