Spain economy Hardly evading deflation in Third quarter with growth of 0.2% national Statistics body Friday said.
The state growth sharply down from 1.5% in Previous quarteraccording to provisional data from the National Institute of Statistics (INE).
deceleration growth so far down for poverty performance in The real The real estate sector where its activity shrank by 2.5%, and a drop in exports and business investment.
However, inflation in Spain relaxed in The last Three months up to 7.3%. in October, the National Institute of Statistics said.
This is sharp drop from 10.8% in July, who was highest in Almost 38 years old.
like the other countries All over Europe, Spain struggling with High inflation as a result of repercussions of war in Ukraine and reopening of The economy After the pandemic-related lockdowns.
Among the Western economies, Spain also one of the worst hit of the economic repercussions of The COVID-19 pandemic, in large part due to its heavy dependence on tourism.
The state public Account Monitoring body Be warned that the Spaniards economy can contract in The last quarter of this is year and the first quarter of next – Spain situation in technical stagnation.
but the government He insisted that the country could avoid the crisis.
Spanish economy minister Nadia Calvino said in In a TV interview on Wednesday, he said it was “obvious” that the country was “at a critical moment”, but that economic indicators did not indicate a recession.
The government Target GDP growth of 4.4% this year.
