Government of Spain through the Spanish National Statistics Institute (Inc), as quoted by AFP on Friday (27 / 8) announced that his country has entered a period of recovery from economic recession. Ine stated that after reporting that the economy experienced growth of 0.2 percent in the second quarter-2010. previous Spanish economy has also increased in the first quarter amounted to 0.1 percent.
The real GDP performance was better than the previous prediction of Ine. Spain's GDP is predicted this year will decrease by 0.2 percent.
Previously, the Spanish government itself predicts the economy will experience a contraction of 0.3 percent in 2010 and entered a period of growth at 1.3 percent in 2011. However, these achievements are still putting Spain at the bottom of Germany and France, where in the period April-June grew respectively 2.2 percent and 0.6 percent.
This can be said a surprising development, because many organizations have previously pessimistic on the economic performance of Spain. They doubted the ability of governments to reduce public deficits that continue to swell.
This year, the Spanish central bank predicts 0.4 percent contraction and then grow 0.8 percent in 2011. Meanwhile, the International Monetary Fund (IMF) has lowered economic growth forecast Affairs Matador in 2011 from 0.9 percent to 0.6 percent.
Spain suffered its worst recession in late 2008 throughout the decade as the global financial slowdown after previously booming property.
First-quarter 2010, the Spanish economy back into positive and successful record 0.1 percent growth. Ine explained, the economy contracted 3.7 percent in 2009, higher than forecast last month by 3.6 percent in February
The real GDP performance was better than the previous prediction of Ine. Spain's GDP is predicted this year will decrease by 0.2 percent.
Previously, the Spanish government itself predicts the economy will experience a contraction of 0.3 percent in 2010 and entered a period of growth at 1.3 percent in 2011. However, these achievements are still putting Spain at the bottom of Germany and France, where in the period April-June grew respectively 2.2 percent and 0.6 percent.
This can be said a surprising development, because many organizations have previously pessimistic on the economic performance of Spain. They doubted the ability of governments to reduce public deficits that continue to swell.
This year, the Spanish central bank predicts 0.4 percent contraction and then grow 0.8 percent in 2011. Meanwhile, the International Monetary Fund (IMF) has lowered economic growth forecast Affairs Matador in 2011 from 0.9 percent to 0.6 percent.
Spain suffered its worst recession in late 2008 throughout the decade as the global financial slowdown after previously booming property.
First-quarter 2010, the Spanish economy back into positive and successful record 0.1 percent growth. Ine explained, the economy contracted 3.7 percent in 2009, higher than forecast last month by 3.6 percent in February
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