Arab Today, arab today spanish economy shrinks faster
Last Updated : GMT 20:08:36
Arab Today, arab today
Arab Today, arab today

Spanish economy shrinks faster

Arab Today, arab today

Arab Today, arab today Spanish economy shrinks faster

Madrid - AFP

Spain\'s downturn deepened in the second quarter, with the economy shrinking 0.4 percent after contracting 0.3 percent in the first three months of 2012, official data showed Monday. The figures from the national statistics institute INE confirmed Bank of Spain data issued last week, compounding the problems the government faces in an economy expected not to return to growth until 2014. INE said the second quarter outcome reflected \"weaker domestic demand which was offset in part by a positive contribution from external demand.\" Earlier this month, the government said the economy would continue in recession next year, shrinking 0.5 percent instead of growing 0.2 percent as previously expected. The economy was tipped to shrink 1.5 percent this year, with unemployment hitting an unprecedented 24.6 percent, it said. Spain, in a tailspin since a massive property bubble burst in 2008, was forecast to return to growth of 1.2 percent in 2014 and 1.9 percent in 2015. The International Monetary Fund expects the Spanish economy to shrink 1.7 percent this year and 1.2 percent in 2013.

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 faster Arab Today, arab today spanish economy shrinks faster

 



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 faster Arab Today, arab today spanish economy shrinks faster

 



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
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
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