Don't miss

Replay


LATEST SHOWS

ENCORE!

Photographer Clare Strand explores the causes and consequences of communication breakdown

Read more

IN THE PRESS

Fashion and ethics: Five years after Bangladesh factory collapse, what's changed?

Read more

FOCUS

Israel’s migrant crisis: Clear government signals, but unclear decisions

Read more

PERSPECTIVE

Plastic waste: ‘We can only tackle the problem if we work together’

Read more

MEDIAWATCH

Louis XIV's message for the British royal baby

Read more

EYE ON AFRICA

Zimbabwean nurses call off strike and return to work

Read more

THE DEBATE

Macron meets Trump: A state visit with discord on the horizon?

Read more

BUSINESS DAILY

Macron hopes for breakthrough on trade tensions during US visit

Read more

ENCORE!

Music show: Mahalia, Ariana Grande & Willie Nelson

Read more

Spain's economy shrank in the third quarter

Video by FRANCE 24

Text by AFP

Latest update : 2008-11-14

For the first time since 1993, the Spanish economy has shrunk 0.2 percent compared with the three months to June. The figures - to be confirmed - would mark the end of a boom driven by its property market.

The Spanish economy contracted for the first time since 1993 in the third quarter, shrinking 0.2 percent compared with the three months to June, official figures showed Friday.
  
The figures from the National Statistics Institute (INE) are provisional but if confirmed would mark the end of the Spanish boom which was largely driven by its now collapsing property market.
  
INE will announce final data on November 19.
  
The Spanish economy grew 3.7 percent in 2007.

Date created : 2008-11-14

COMMENT(S)