Arab Today, arab today central bankain still mired in recession
Last Updated : GMT 21:34:07
Arab Today, arab today
Arab Today, arab today

central bank : ain still mired in recession

Arab Today, arab today

Arab Today, arab today central bank : ain still mired in recession

Madrid - AFP

Spain appears to be stuck in a jobs-killing recession in the final months of 2012, the central bank said in a preliminary report Wednesday. The scarce available data pointed to shrinking economic output in the final months of 2012, the Bank of Spain said. An earlier buying spree among shoppers trying to beat a September 1 sales tax rise had now evaporated, the central bank said, allowing the recession to keep its grip on Spain. \"Overall information available points to output still falling in the final months of 2012,\" it said in a monthly report. Car sales in October had picked up from a plunge the previous month provoked by higher sales taxes, the central bank said. But while household and retail sentiment had improved a little, latest indicators \"continue showing intense falls in investment in construction\", it said. Last month, Spain said it had moved into a second year of recession with output shrinking 0.3 percent in the third quarter, as the unemployment rate hit 25 percent. The eurozone\'s fourth-largest economy has been shrinking for 15 months even as the right-leaning government imposes sweeping austerity measures in the teeth of rising street protests. Scarce jobs, sharp tax rises, and severe public spending cuts including in health care and education prompted general strikes in Portugal and Spain and stoppages in Greece and Italy on November 25. In Spain, the government is tipping an economic slump of 1.5 percent this year. Its forecast of a 0.5-percent contraction in 2013 is widely viewed as highly optimistic, however. The European Commission, for example, saying it expects Spanish output to tumble 1.4 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today central bankain still mired in recession Arab Today, arab today central bankain still mired in recession

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today central bankain still mired in recession Arab Today, arab today central bankain still mired in recession

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday