SPAIN 2Q12 GDP AT -0.4% vs prv -0.3% (Q/Q)

Spain’s 2Q12 GDP data showed a decline of 0.4 percent vs a decline of 0.3 percent on a q/q basis. On a y/y basis, economy declined 1 percent.

The deepening of the crisis showed on the country’s GDP data, which is also mired by austerity measures and could be a major obstacle in getting growth to be back on target.



Categories: General News

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