Arab Today, arab today spanish economy shrinks by 03 in fourth quarter
Last Updated : GMT 16:08:40
Arab Today, arab today
Arab Today, arab today

Spanish economy shrinks by 0.3% in fourth quarter

Arab Today, arab today

Arab Today, arab today Spanish economy shrinks by 0.3% in fourth quarter

Madrid - AFP

The Spanish economy shrank by 0.3 percent in the final quarter of 2011 from the previous three-month period, leaving it on the brink of recession, provisional data showed Monday. The eurozone\'s fourth-biggest economy grew by 0.7 percent over 2011 as a whole, the national statistics institute said, adding to the year\'s bleak figures which included an unemployment rate of of 22.85 percent. It was the first quarterly decline since the fourth quarter of 2009 and it confirmed predictions by the government and the central bank that the Spanish economy is heading back into recession. A return to recession will make it harder for Spain\'s new right-leaning government to meet its goal of slashing the public deficit to 4.4 percent of output this year from around 8.0 percent last year. During the fourth quarter, economic activity experienced a \"more negative contribution from internal demand, which was compensated in part by the positive contribution from exports which rose when compared with the previous quarter,\" the statistics office said in a statement. The Bank of Spain predicted last week that the economy will fall into recession this year with a contraction in activity of 1.5 percent before recovering by about 0.2 percent in 2013. The central bank had previously estimated in March that the economy would expand by 1.5 percent this year. Spain emerged only at the start of 2010 from an 18-month recession that was triggered by the global financial crisis and a property bubble collapse. The national statistics institute is to publish final gross domestic product figures for the fourth quarter on February 16.  

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 spanish economy shrinks by 03 in fourth quarter Arab Today, arab today spanish economy shrinks by 03 in fourth quarter

 



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 spanish economy shrinks by 03 in fourth quarter Arab Today, arab today spanish economy shrinks by 03 in fourth quarter

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Girl barred from Malaysia chess competition

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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