Spain Ends Two-Year Recession

World

For the first time in two years, Spain has announced growth in its GDP over the last quarter, signaling an end to the protracted recovery of its still-fragile economy.

After contracting for nine straight quarters, the country’s GDP grew by 0.1% between July and September 2013, the BBC reports.

Spain’s economy was one of the worst hit by the global financial crisis. Since the burst of its property bubble in 2008, the country has experienced from massive street protests against austerity measures and Europe’s highest unemployment rate of 26%.

[BBC]

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