Catalan economy improves in the first quarter of 2012 but enters recession

Barcelona (ACN).- Over the first quarter of the year, Catalonia’s GDP decreased by 0.1%, which represents an improvement in comparison to the last quarter of 2011, when it dropped by 0.5%. The Catalan economy started the first quarter of 2012 with “a light improvement” that translated into “moderating” the decreasing trend, according to a report released on Wednesday by the Catalan Finance Ministry. However, technically Catalonia entered a recession.

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