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This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Euskadi sale de la recesión al crecer el 0,2% en el último trimestre de 2009

Basque country out of recession grow 0.2% in the last quarter of 2009

12/02/2010
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12 d efebrero of 2010

The GDP of the Basque country in the last three months of 2009 grew 0.2% according to the advance of quarterly economic accounts drawn up by the Basque Institute of statistics (Eustat). This is the first positive growth since falling in the third quarter of 2008 and in three tenths to the registered by the economy than Spanish (- 0.1%).

The annual variation in GDP in the Basque country has positioned itself at - 2.5% over the same quarter of the previous year. The Basque Institute of statistics indicates that this is moderating the negative growth and be personal "a change of trend" from the annual minimum marked in the third quarter of 2009 (- 4.1%). Annual rate the Spanish economy has fallen by 3.1%.

In the whole of the year 2009, it is estimated that the real fall of Basque GDP is of - 3.3%. The turnaround in the last quarter of last year resulted in a better relative performance of the industrial sector, a more moderate contraction of construction and a better evolution of market services. This "slight recovery" has been joined a "light" creation of employment over the three previous months, explained Eustat.