Spain Officially Back in Recession

May 1, 2012  •  From theTrumpet.com
 
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Spain announced on Monday that, for the second time in three years, its economy has fallen into a recession.

The National Statistics Institute said the economy shrank 0.4 percent compared to the first quarter of 2011. Meanwhile, unemployment has climbed to more than 24 percent, with youth unemployment soaring at 50 percent.

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