Wed, 27 Jun 2012 15:01:20 GMT
Bank of Spain: Spain's slowdown to intensify in Q2
The economy of Spain is likely to slump at faster pace this quarter, according to the Bank of Spain. Spain's GPD contracted by 0.3% in Q1 of 2012 on a quarterly basis and taken falling domestic consumption, lower retail and car sales the economy is expected to shrink further in Q2, the bank added.