Spanish economy minister prepares for a recession
28 December 2011 @ 01:02
Luis de Guindos dampened already gloomy expectations for the economy as the new conservative government got to work on its programme of tough spending cuts.
"This quarter the Spanish economy will surely see a downturn and we will return to negative growth," he told a news conference.
"Make no mistake, the next two months are not going to be easy, neither from a growth nor a jobs point of view," he said at a ceremony for his top ministry staff taking office.
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