Economic indicators continue to decline
In January-March 2013 Spain's economy went down by 2%, compared to the same period in 2012, and compared with the previous quarter, the country's economy decreased by 0.5%, states the report of the Bank of Spain.
According to the institution, unemployment rate in I quarter 2013 decreased by 0.2%, compared with the IV quarter of in 2012, and made 4.5%.
The report points at the debt crisis in Europe, particularly in the Eurozone, as the main factor affecting the economy of Spain.
