Clear signs of global depression: Spanish minister
Tue Mar 10, 2009 6:45am EDT
MADRID (Reuters) - There are clear signs of a global economic depression , Spanish Industry Minister Miguel Sebastian said on Tuesday.
The global financial crisis has caused a generalized fall in economic confidence, industrial production, trade and led to job destruction, Sebastian said in a speech to Spain's Congress.
"These factors are unmistakable symptoms of a global depression that demands a combined and coordinated response by all countries," Sebastian said.
(Reporting by Andrew Hay; Editing by Victoria Main)
Showing posts with label in pain. Show all posts
Showing posts with label in pain. Show all posts
10 March 2009
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