News Headline Summary

EU predicts Spain's GDP will fall 1.6% in 2012 vs. a 1.5% drop on Govt estimates, according to a draft document

According to a draft document obtained by El Pais:

- EU sees Spanish GDP in 2013 falling 1.5% compared with a fall of 0.5% in Govt estimates
- EU sees Spain's budget deficit at 8% in 2012 and 6% in 2013 compared with Govt estimate of 7.3% and 4.5% respectively

Analysis details (07:08)

The EU are due to release their full report and forecasts tomorrow.

06 Nov 2012 - 07:02 - Economic Commentary - Source: El Pais

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