Arab Today, arab today spanish gdp continues to decline
Last Updated : GMT 21:55:33
Arab Today, arab today
Arab Today, arab today

Spanish GDP continues to decline

Arab Today, arab today

Arab Today, arab today Spanish GDP continues to decline

Madrid - QNA

Spain’s GDP fell for the fifth consecutive trimester at -1.6% on an annual basis, said the national statistics institute which in the third trimester of 2012 registered a 0.3% fall on the previous trimester. A decrease in consumption and investments following the new value added tax (VAT) increase contributed to the situation. According to statistics, the Spanish economy contracted 0.7% in the first trimester and 1.4% in the second, one tenth worse than originally forecast.

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