Open

Coming up

Don't miss

Replay


LATEST SHOWS

INSIDE THE AMERICAS

Uruguay: freed Guantanamo detainees try to adjust to normal life

Read more

MIDDLE EAST MATTERS

Turkey: Inside the Alevi community

Read more

FOCUS

China: A tense Christmas in Wenzhou

Read more

DEBATE

Pope's Scathing Tidings: Pontiff Blasts 'Illnesses' at Vatican's Heart (part 2)

Read more

DEBATE

Pope's Scathing Tidings: Pontiff Blasts 'Illnesses' at Vatican's Heart

Read more

WEB NEWS

Gaza children draw what their future will look like

Read more

MEDIAWATCH

Catholic cardinals get coal for Christmas from Pope Francis

Read more

IN THE PAPERS

François Hollande's Christmas wish list

Read more

MEDIAWATCH

Embedded with the Islamic State Group

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)