Spanish economy shrank by 0.4%

Monday, 30 July 2012 02:25

The Spanish National Statistics Institute informed today that country’s GDP declined in second quarter of 2012 by seasonally adjusted 0.4%. Country’s recession continiues successfully for the next time. Reading of prior two quarters were also negative (economy shrank by 0.3%).
Comparing with the second quarter of 2011 GDP fell by 1.0%.