Arab Today, arab today no growth in spanish economy in 3rd quarter
Last Updated : GMT 18:35:25
Arab Today, arab today
Arab Today, arab today

No growth in Spanish economy in 3rd quarter

Arab Today, arab today

Arab Today, arab today No growth in Spanish economy in 3rd quarter

Madrid - Xinhua

The timid growth of the Spanish economy came to a halt in the third quarter of the year according to figures published by the Bank of Spain (BOE) this Monday. While the economy had grown by 0.2 percent between April and June of this year, the period July-September saw zero growth (0.0 percent). The Bank considers that the continued reduction in internal demand, which is partly a consequence of the almost 5 million people out of work in Spain and the fear that unemployment is going to increase yet further in the coming months, is a factor in growth grinding to a halt. Internal demand dropped by 0.8 percent in the third quarter and although there have been \'slight increases\' in business investment, that is also under threat as a result of Spain\'s banks needing to increase their capital to nine percent as a result of the recent agreements made between EU leaders in Brussels. The BOE highlights that in the third quarter of the year, the Spanish economy has continued to be weakened in an atmosphere of crisis made worse by worries over the sovereign debt in the Euro-zone. The official predictions of the Spanish government were for the economy to grow by 1.3 percent during 2011, although that prediction now looks almost impossible to fulfil and the bank warns that the slowdown in growth could cause problems when it comes to reducing the state deficit. Although figures last week showed the Spanish state deficit continues to shrink, that was due to reductions in expenditure outstripping reductions in money collected by the state, which also fell. Should the economy stagnate, then state earnings through direct and indirect tax will also fail to increase, making it hard to further reduce the deficit without further cutbacks in expenditure, which in turn could lead to a continued fall in internal demand. Nevertheless, the BOE insists that whoever wins the General Election on November 20 will have to take the necessary efforts to ensure the deficit is reduced to 4.4 percent of gross domestic product.

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 no growth in spanish economy in 3rd quarter Arab Today, arab today no growth in spanish economy in 3rd quarter

 



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 no growth in spanish economy in 3rd quarter Arab Today, arab today no growth in spanish economy in 3rd quarter

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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