Spain's feeble recovery falls flat before election
12 November 2011 @ 17:58
MADRID — Spain's feeble economic recovery petered out in the third quarter of 2011, official figures showed on Friday, stoking recession fears just nine days before a general election.
Economic growth fell to zero from the previous quarter, when activity was already weak with growth at just 0.2 percent, said a preliminary estimate by the National Statistics Institute.
The economy expanded just 0.8 percent in the third quarter when compared to output in the same period last year, the report said.
It was bleak news for the Socialist government, which faces a predicted drubbing at the hands of the opposition conservative Popular Party in November 20 elections.
The government is refusing to alter its seemingly optimistic forecast for 1.3 percent growth in 2011.
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