News Tag: Bank of Spain
April 29, 2009
According to Bank of Spain estimates released today, the Spanish economy has shrunk by 1.8 percent in the first quarter and hinted that gross domestic product (GDP) has fallen by 2.9 percent in the last year, even though the Spanish government had, up until recently, said that the GDP decrease would be no more than 1.6 percent for ...
Spain’s economy contracts at fastest rate in 40 years
by Peter Charalambous
February 3, 2009
The Labour Ministry said the number of people out of work in Spain soared by almost 200,000 in January, taking the total jobless number to 3.3 million.
The organisation, based in Madrid, said it is the largest monthly rise on record.
Spanish unemployment is the highest than any other nation in the EU at a rate of 14.4% and its economy, which ...
Unemployment in Spain rises to 3.3 million
by Kay Murchie
January 28, 2009
Figures today have revealed that Spain's economy is in recession for the first time since 1993.
Official figures from the Bank of Spain said Gross Domestic Product fell 1.1% in the last quarter of 2008, which followed on from a 0.2% decline in the previous quarter.
The euro zone, as a whole, entered recession in November and Spain follows Germany who entered recession late last ...
Spain enters recession
by Kay Murchie
