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NEWS: Spain Q2 preliminary GDP -18.5% vs -16.6% q/q expected July 31, 2020 at 08:00AM


Latest data released by the National Statistics Institute – 31 July 2020
– (Q1) -5.2%
– GDP -22.1% vs -19.7% y/y expected
– Prior -4.1%
The drop here reaffirms the worst recession on record in Spain as the economy contracts by more-than-expected and over 18% on the quarter itself.

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