Spain: recession has worsened in the second trimester.

23 July, 17:39

(ANSAmed) - Madrid, 23 Jul - In the second quarter recession in Spain has become worse. A contraction of 0,4% has been reported, while in the first trimester it was 0,3%. The yearly fall in total was 1%, according to the outcoming Bank of Spain data. The family expenses and the international demand have lowered at a "faster speed", as reported from the central authorities.This has caused a negative impact on the balance of trade, which is mitigated by a moderate recovery in exportations. (ANSAmed).


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