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Friday, 5 November 2010

Spain's Recovery Stalls Amid Austerity Push - WSJ.com


16:35 |

Spain's Recovery Stalls Amid Austerity Push - WSJ.com: "Spain's timid economic recovery stalled in the third quarter as the result of government austerity measures, but should soon pick up again, the Bank of Spain said Friday.
The Spanish central bank estimated in its monthly economic report that third-quarter gross domestic product was unchanged from the second quarter. 'It's likely the stagnation of the Spanish economy in the third quarter will be transitory,' the Bank of Spain said."


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