Central bank: Spain exits recession in third quarter

GMT 08:47 2013 Wednesday ,23 October

Arab Today, arab today Central bank: Spain exits recession in third quarter

Arab Today

Spain escaped from its two-year recession in the third quarter of this year with growth of 0.1 percent, the country's central bank said on Wednesday. The rate at which jobs were being destroyed also eased to its slowest rate since the start of the crisis, the bank added in a quarterly report. The jobless rate was 26.3 percent in the second quarter.

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