http://www.bbc.co.uk/news/business-21258272
Quote:
The downturn in the Spanish economy worsened in the final three months of 2012, as output fell 1.8% from a year earlier, official data has indicated.
Output shrank 0.7% from the previous quarter - the worst performance in Spain since the 2009 global recession.
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How long can this go on?
Must be slipping, I missed this one from a couple of weeks ago:
http://www.guardian.co.uk/business/2...king-inflation
Quote:
Germany's economy has shrunk in the last quarter, according to new data that is likely to force the Berlin government to slash its economic growth forecasts for this year.
The German Statistics Office reported this morning that Germany's economy contracted by 0.5% between October and December, as the financial crisis hit Eurozone's powerhouse economy.
This means that Germany grew by just 0.7% during 2012, a sharp slowdown that does not bode well for 2013.
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