Spain’s economy slows down but licensing stays on an even keel
Spain is in the midst of an economic slowdown that has taken hold more quickly than expected by European economists. Just last month, Spain's Economy Minister Petro Solbes hacked the growth forecast from 2.3% to 1% in 2009. Moreover, like much of Europe, inflation remains high, while consumer spending has flattened. (In June, retail sales plunged by 7.9%.)
September 1, 2008
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