Breaking News, World News and Taiwan News.

Spanish economy slumps in 3rd quarter of '12: official data

MADRID -- Spain's economy wilted in the third quarter of 2012, official data showed Tuesday, as the government imposed a harsh austerity program in the midst of a deep recession.

A slide in domestic demand, battered by a 25-percent jobless rate, overwhelmed a slight improvement in the trade balance, according to preliminary figures from the National Statistics Institute.

Gross domestic product dropped by a quarterly rate of 0.3 percent, marginally better than the previous quarter's 0.4-percent decline, the report showed.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search