Spain Sinks Back Into Recession

Unemployment tops 24%, officials committed to further cuts

By Mark Russell,  Newser Staff

Posted Apr 30, 2012 4:47 AM CDT

(Newser) – Hot on the heels of Britain's slide back into recession, now Spain is officially in its second recession in three years, reports the BBC. Spain's National Statistical Institute said the economy shrank 0.3% last quarter, following a 0.3% contraction in the...   Read full story »


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