Spain Inches Into Recovery But Spaniards Don't Feel It
By: Lauren Frayer
October 23, 2013
Europe's fourth-largest economy is out of the red. The Bank of Spain says the Spanish economy grew 0.1 percent in the third quarter of this year, marking an end to the longest economic slump in Spain's democratic history. Spain's recovery is critical to the economic health of Europe overall. It's bigger than all the bailed-out economies — Ireland, Portugal, Greece and Cyprus — combined. But unemployment in the country still tops 26 percent, and it could be a while before Spaniards feel the fruits of that recovery.
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