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Spain stuck in recession as economy shrinks 0.4 percent in Q2

Posted By kurtnimmoadmin On July 30, 2012 @ 1:56 pm In Global Crisis,Old Infowars Posts Style | Comments Disabled

July 30, 2012

The Spanish economy remains stuck in its second recession in three years after contracting 0.4 percent in the second quarter of 2012 from the previous three months, according to official data.

It was the third consecutive contraction following the previous two 0.3 percent quarterly declines, Spain’s National Statistics Institute said Monday.

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