Don't miss

Replay


LATEST SHOWS

FOCUS

South Sudan: A rare look at both sides of the civil war

Read more

PEOPLE & PROFIT

Paris Air Show: Big plane builders face increasing competition

Read more

THE INTERVIEW

Former UK police chief: 'We are facing disorganised terrorism'

Read more

ENCORE!

Diana Krall: 'I find romance in everything'

Read more

IN THE PAPERS

Saudi Arabia's 'Prince of Chaos'

Read more

IN THE PAPERS

Macron's government, take two: 'Reviewed and corrected'

Read more

INSIDE THE AMERICAS

Travis Kalanick: Uber boss steps down amid controversy

Read more

BUSINESS DAILY

Oil price tumbles to lowest level of year

Read more

BUSINESS DAILY

With Kalanick out, what's next for Uber?

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)