Spain’s growth weaker than thought – Financial Times

Spain’s economic growth has been weaker over the past two years than previously reported, according to revised data published on Monday, indicating a deeper slump than earlier official estimates and further complicating Madrid’s efforts to bring…

Gross domestic product growth contracted 0.3 per cent in 2010, compared with an originally reported 0.1 per cent drop in output, while the 0.7 per cent growth registered for last year was revised down to 0.4 per cent, according to the country’s National Statistics Institute.

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