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Spain’s Economy Contract 1.3%, Unemployment Hovers Around 26%

January 23, 2013 | by HS News Staff | Latino Daily News

The Spanish economy contracted 1.3 percent in 2012, with the recession intensifying in the last quarter of the year and the gross domestic product falling 0.60 percent, compared to the previous quarter, while the unemployment rate neared 26 percent, the Bank of Spain said Wednesday. continue reading »