Tag: Recession
Recession in Spain Continues: GDP Falls To 0.5%
The Gross Domestic Product (GDP) in Spain fell 0.5% in the first quarter of 2013, according to final figures from the National Statistics Institute (INE) confirming the recession that the country is from 2011. This new drop in GDP in January-March to seven consecutive quarters lengthens the fall. In the last twelve months, from March [...]
Greece delays its way out of recession through 2014
Greece postpones departure of the “deep recession” facing the country until 2014, when it is expected to register a slight increase of 0.6%, according to the macroeconomic published today by the European Commission (EC). Data managed by the EU executive on Greece, provisional, show that Gross Domestic Product (GDP) will fall 6% this year and [...]
Spain Raises Fears In The Euro Zone
Europe returns to worry about the budgetary and economic situation of Spain, pressing to reduce its deficit, just as the page of the debt crisis seemed to pass in the euro area. The European Commissioner for Economic Affairs, Olli Rehn, and Italian Prime Minister, Mario Monti, released this weekend warnings to Madrid, to reduce its [...]
Official confirmation that Italy entered into recession at the end of 2011
Best Growth Stock – The Italian National Statistics Institute (ISTAT) confirmed today preliminary data from last month when it was announced that Italy had officially entered recession by contracting Gross Domestic Product (GDP) in the fourth quarter of 2011 by 0.7% compared the previous quarter. Comparing data on-year, Italian GDP has fallen by 0.5% in [...]
