Spain Slips Back Into Recession in First Quarter: Economy
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Spain’s economy contracted in the first quarter, putting the euro region’s fourth-largest economy into its second recession since 2009.
Gross domestic product fell 0.3 percent, the same as in the previous three months, the Madrid-based National Statistics Institute said today. That compares with the Bank of Spain’s estimate on April 23 for a 0.4 percent decline. From a year ago, GDP dropped 0.4 percent, INE said.