BBVA Research: 2012 recession not escalating, while reforms underway, although requiring intensification, should pave the way for faster growth
Posted on May 10, 2012 at 09:59 AM EDT
BBVA ResearchÂ’s latest estimates confirm the recession in Spain, pointing to a GDP contraction of 1.3% this year. However, economic indicators are revealing a less dramatic than estimated deterioration in the real economy.
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