Spanish economy shrinks 0.4% in Q1
Madrid - QNA
The Spanish economy contracted by 0.4% in the first quarter, compared with the last quarter of 2011, the Bank of Spain said Monday. Gross domestic product shrank 0.5% year-on-year. The Spanish government had previously said it expected the economy to shrink 1.7% this year. Spain's recession and 23-per-cent unemployment have sparked concern that it may eventually need a bailout from the European Union and the International Monetary Fund.
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The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
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