Home » Financial

Spanish economy remains in recession



11 February 2010 4,110 views 4 Comments

Despite recent reports that Spain itself was feeling “bullish” about the recession, it seems that expats living in Spain would do well to not get their hopes up and to continue to expect the recession to continue well into 2010.

The Spanish economy is struggling to catch up with the European monetary union.
  • The Spanish economy shrank by 0.1% in the last three months of 2009, making it the last major economy still in recession.
  • Europe’s fifth-largest economy has the highest rate of unemployment in the eurozone.
  • INE, the national statistics agency, said the country’s gross domestic product had contracted by 3.1% compared with the same period a year before.
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...


3 Tweets

4 Comments »

  • remimorel said:

    RT @LeMondefr_Sport: Coupe de France : Quevilly fait chuter Rennes http://tinyurl.com/yzad6fq

    This comment was originally posted on Twitter

    # 10 February 2010 at 8:40 am
  • MyAppleStuff said:

    RT: Spanish economy remains in recession http://bit.ly/9iuwII #expat, #spain

    This comment was originally posted on Twitter

    # 11 February 2010 at 1:15 pm
  • spanishbreaks said:

    Spanish economy remains in recession | Expat Life Spain http://bit.ly/9qMRwE

    This comment was originally posted on Twitter

    # 12 February 2010 at 12:33 am
  • wenrey18 said:

    Sad to know that Spanish economy remains in recession.And they are struggling to catch up with the European monetary union.Thanks for the information that you’ve shared to us more power to your site! G-d bless ;-)

    # 18 March 2010 at 11:59 am

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.

Additional comments powered by BackType