Spain Recession Deeper Than Forecast, GDP Down 0.7%

Jan. 30 (Bloomberg) -- Bloomberg's David Tweed reports that Spain’s recession deepened more than economists forecast in the fourth quarter as gross domestic product fell 0.7 percent in the three months through December. That is more than the 0.6 percent contraction the Bank of Spain predicted Jan. 23. He speaks on Bloomberg Television's "On The Move."