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Bank of Spain report slow growth over Q3

Thu 29th Sep 2011

Data released by the Bank of Spain yesterday revealed how financial results over the third quarter of the year showed slow economic activity, after the economy showed a light improvement by growing 0.2% during Q2 when based on the previous quarter.

"Available third quarter data shows a strong deterioration in qualitative terms," the Bank of Spain said in its monthly statement.

The Government has previously commented how it expects to see similar levels of growth in Q3 as witnessed in Q2.

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