Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

France's Plan to Tackle Racism

Read more

THE WORLD THIS WEEK

Marine Le Pen and Thomas Piketty in Time magazine's power list; EU takes on Google; Gunter Grass dies (part 2)

Read more

THE WORLD THIS WEEK

Deadly Crossing: Migrants desperate to reach Europe; Abadi in Washington (part 1)

Read more

EYE ON AFRICA

Xenophobic attacks in South Africa: anti-violence marches and anti immigration protest

Read more

FRANCE IN FOCUS

French PM outlines action plan against racism, anti-Semitism

Read more

REPORTERS

Turkey’s hidden Armenians search for stolen identity

Read more

REVISITED

Families of slain Marikana miners still demanding justice

Read more

#TECH 24

Europe vs. Google: EU accuses search giant of market dominance abuse

Read more

#THE 51%

Women in America: Land of the free, home to the less-paid

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)