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Recession in Spain continues…

Spanish economy shrank by 0.4%

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%.

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