Spain enters first recession for 15 years

The Spanish economy has fallen into its first recession for 15 years, according to official statistics released on the 12 February 2009, heralding further grim news from other European economies that release their figures the following day.

France24, 12.2.09: Spain officially in recession for first time in 15 years http://www.france24.com/en/20090212-spain-officially-recession-first-time-15-years-crisis

Spain: National Statistics Office (INE) http://www.ine.es/en/welcome_en.htm

INE: Press Release, 12.2.09: Advance estimate of the Quarterly National Accounts - Base 2000, 4th Quarter of 2008 http://www.ine.es/en/prensa/cntr0408a_en.pdf

BBC News, 12.2.09: Hard times force Spaniards back to fields http://news.bbc.co.uk/1/hi/world/europe/7883605.stm

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