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Spain warns of second quarter contraction

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Spain warns of second quarter contraction

Spain warns of second quarter contraction
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Spain is forecasting an economic contraction for the second quarter of 0.3%. This would be in line with the contraction from January to March.
The Economy Ministry, returning to Friday’s news that Spain’s 2011 public deficit was higher than previously reported thanks to spendthrift regions, announced unprecedented commitment to reverse those figures this year.