Last week Spain officially came out
of a two year recession. Over this past quarter, the economy has grown by .1%,
and though many fear a sharp decline, this is a definite sign of progress
considering that the past nine quarters have resulted in a decline. Though the
recession is officially over, it will take years for Spain to recover as the
unemployment rate is around 26% and is not expected to decrease until next year
at the earliest. Fiona Govan, a correspondent for the
Daily Telegraph in Madrid,
has stated that "Spain's borrowing costs have fallen sharply," which
indicates that positive economic progress is being made throughout the country.
La Palabra es el periódico del departamento de español de la Universidad de Denver. El propósito de La Palabra es informarla comunidad sobre cultura, arte, e entretenimiento. La página va a tener las fotografías y los resúmenes sobre estos eventos. (La Palabra is the newsletter for the Spanish Department at the University of Denver. The purpose of La Palabra is to inform the community about culture, arts, and entertainment. The page will have photographs and summaries about these events.)
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