Spain slides into recession, figures show

Author (Person)
Series Title
Series Details 24.4.12
Publication Date 24/04/2012
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Spain lurched into recession on the 24 April 2012 for the second time since 2009, as data underlined the considerable challenge Madrid faced in repairing the eurozone’s third-biggest deficit while its economy shrinks.

A Bank of Spain monthly report showed gross domestic product falling 0.4% in the first three months of 2012, adding to a 0.3% contraction in the previous quarter.

Related Links
El País, 23.4.12: Spain enters new recession with worse to come, says central bank http://elpais.com/elpais/2012/04/23/inenglish/1335192339_820649.html
Banco de España: Economic Bulletin: Quarterly report on the Spanish economy, April 2012 http://www.bde.es/webbde/SES/Secciones/Publicaciones/InformesBoletinesRevistas/BoletinEconomico/12/Abr/Files/coye.pdf

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