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Spain contracts 0.3% in the first quarter



30 April 2012 @ 03:05 am EDT

Spain's first quarter GDP preliminary reading showed 0.3% contraction, in line with the advanced reading, better than forecasts of 0.4% contraction. On the year, the economy shrank 0.4% compared with the advanced 0.3% expansion and median forecasts of 0.6% contraction.

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