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Spain falls back into recession

Spain confirms it is officially back in recession, as the country’s economy shrank by 0.3 percent in the first quarter compared to the previous three months.

(AFP) MADRID - Spain's gross domestic product shrank by 0.3 percent in the first quarter of 2012, equalling the slump in the final quarter of 2011, according to preliminary data from the National Statistics Institute.

The return to recession, blamed on weak domestic demand only partially compensated by exports, comes barely two years after Spain emerged from the last downturn at the start of 2010.

It was no surprise just days after an even more pessimistic diagnosis by Bank of Spain, which estimated the economy shrank 0.4 percent in the first quarter.

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Society

Time To "Move On" From COVID? That's Not An Option For Me

Anger depletes and debilitates; grief, on the other hand, creates a new strength and resolve. What is centrally at stake for me, three years after I lost my husband, is a stubborn refusal to forget the disease that took him away.

Image of A woman selling vegetables at the market and wearing a face mask during the COVID-19 pandemic.

A woman selling vegetables at the market and wearing a face mask during the COVID-19 pandemic.

Source: Kabita Darlami
Tapati Guha Thakurta

-Essay-

NEW DELHI — Three years ago, it was during the last days in April that the season’s first Kalbaishakhi – gusts of thunder, storm and rain – broke into the sultry summer evening in Kolkata, just as it did this year. I remember the rains came late on that Sunday evening at the end of April 2020, stopping what had become our routine walk during that hour.

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