The Bank of Spain says that the economy will sink deeper into recession this year. The prediction is for the economy to shrink by 1.5% following the contraction last year of 1.4%.
This is a result of dire domestic demand and a weakening external sector. Unemployment is forecast to rise yet again to 27.1%.
Actually there is some good news for us because Pam is interested in buying herself a car. In the present economic climate, I have no doubt that we will be able to secure a great deal from the garage.