Spanish figures sum up Europe’s plight

Author (Person)
Series Title
Series Details 15.5.09
Publication Date 15/05/2009
Content Type

Spain’s economy shrank at its fastest rate in nearly 40 years in the first quarter of 2009 as unemployment surged, according to official data from INE issued on the 14 May 2009 that highlighted the severity of the recession across continental Europe.

Related Links
Spain: Instituto Nacional de Estasidistica (INE) http://www.ine.es/welcoing.htm
Spain: INE: Press Release, 14.5.09: Advance estimate of the Quarterly National Accounts - Q1, 2009 http://www.ine.es/en/prensa/cntr0109a_en.pdf
BBC News, 14.5.09: Spanish economy shrinks rapidly http://news.bbc.co.uk/1/hi/business/8049574.stm

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