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quinta-feira, 12 de fevereiro de 2009

Spain officially in recession



Figures show that Spain is officially in recession
Figures show that Spain is officially in recession

Spain's National Statistics Institute has confirmed that the country was in a recession after the economy shrunk by 1% in the final quarter of 2008.

The fourth-quarter figure followed negative growth of 0.3 per cent in the third quarter. Two successive quarters of negative growth is one common definition of a recession.

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26/10/2008 free counters

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