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The latest business, economic,property, stock market and financial news from Spain. Keep up to date with what is happening with the Spanish economy, stock market, the economic crisis, the euro zone debt sovereign debt crisis and the Spanish property market.

Spanish central bank warns of double dip recession
23 January 2012 @ 14:59

Spain's central bank said the debt-laden country will fall back into recession this year with the economy contracting 1.5pc.

The Bank of Spain said the country, which only emerged from an 18-month recession at the start of 2010 and grew 0.7pc last year, was suffering from an escalation in Europe's debt woes.

"In 2011 the modest recovery which the Spanish economy began a year earlier weakened as the eurozone sovereign debt crisis extended to a greater number of countries and financial market tensions strengthened," it said in a report.

Read the full article at the Telegraph



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