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July 27, 2012

IMF Lowers Spain's GDP Forecasts, Warns Of Downside Risks

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Spain's economy will contract by 1.7% this year, the International Monetary Fund predicted Friday, warning of "significant downside risks". In its annual Article IV review, the IMF revised down its GDP forecast from last month for a 1.5% annual GDP decline. The Bank of Spain recently estimated th... FF News: Fundamental

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