Spanish economy continues to contract with no short term expectations of change

Wednesday, October 24th 2012 - 05:41 UTC

Full article 5 comments

Spain’s economy contracted 0.4% in the third quarter and continues to face strong headwinds, the central bank said on Tuesday. Adverse financial conditions eased “somewhat” and the decline in domestic demand was 1.2%, an improvement over the 1.4% fall in the second quarter. Read full article

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Britworker
I expect this will amount to more harassment of the Gibraltarians then for some time to come.
Oct 25th, 2012 - 01:24 am - Link - Report abuse 0
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Ayayay
Our economy is doing well here. keep your mind grapes on what's doing well and soon you'll be doing well too, I promise. (:
Oct 25th, 2012 - 02:23 am - Link - Report abuse 0
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aussie sunshine
Well Spain is slowly raising from its recession. Good news that Ford is transfering its production to Spain from The UK and Belgiam. This is an indication that it os becoming more competitive. The Spanish government is doing its homework.
Oct 25th, 2012 - 11:49 am - Link - Report abuse 0
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LEPRecon
@3 - Aussie

Where is Belgiam?

Good news for Spain, though, I'm sure that they could use some around about now.
Oct 25th, 2012 - 01:03 pm - Link - Report abuse 0
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British_Kirchnerist
Austerity isn't working
Nov 01st, 2012 - 01:36 pm - Link - Report abuse 0
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