Spain's economy, the fifth-biggest in Europe, had been one of Europe's big successes in recent years after having posted a remarkable GDP growth rate of 3.7 percent in 2007.
But it has been fiercely hit as the global financial crisis affected its construction sector, the mainstay of Spain's economic growth for over a decade.
The government on Friday forecast a fall of 1.6 percent for its GDP this year, slashing its previous forecast of a 1.0 percent growth.
没有评论:
发表评论