New Spanish economy minister says Spain to slide back into recession in 2012

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MADRID — Spain will slide back into recession early next year with the current quarter and the first of 2012 both registering negative growth, new Economy Minister Luis de Guindos said Monday.

De Guindos said he expects the economy — the eurozone's fourth largest — to contract by between 0.2 percent and 0.3 percent on the previous quarter in the final three months of this year and again in the first quarter of next year. He said the outlook for next year was poor.

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Peter Whoriskey 28 Dec, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=6fc94965072c7a9dcb72a803e4ac94f1
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