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Top News

Spain says economy to shrink again in second quarter

Published May 21, 2012 Updated May 21, 2012 07:47am

MADRID: Spain's recession-bound economy will shrink again in the second quarter of the year, Economy Minister Luis de Guindos predicted Monday.

"The second quarter will show a fairly similar performance to that of the first quarter," he told journalists. Spain's economic output contracted by 0.3 percent in the first quarter of 2012 and by the same amount in the last quarter of 2011.

Copyright AFP (Agence France-Presse), 2012

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