Economics
Spain’s Economy Slumps 5.2% as Coronavirus Measures Shut Businesses
- Central banks sees output droping as much as 12.4% this year
- Slump, which may worsen, ends six years of expansion
A near-empty food market in Barcelona, Spain, on April 29.
Photographer: Emilio Morenatti/AP Photo
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Spain’s economy shrank 5.2% in the first quarter, bringing to an abrupt halt six years of robust growth that had pulled the country out of the last major crisis.