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    Spain's incredible shrinking economy

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    euronews (in English)

    by euronews (in English)

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    Spain fell deeper into recession between January and March as the economy shrank for the seventh straight quarter.

    A preliminary reading showed gross domestic product contracted by 0.5 percent from the last three months of 2012 and it was 2.0 percent down from a year earlier.

    The National Statistics Institute said reduced domestic demand was mostly to blame.

    ...
    http://www.euronews.net/