The Spanish economy will post a negative growth figure during this quarter, something that will also be recorded at the end of the first three months of next year and that

will lead to a recession

.

"

Technical recession

", they clarify in the Independent Authority for Fiscal Responsibility (AIReF), which this Tuesday have advanced that Spain will chain two quarters with a negative data of Gross Domestic Product (GDP).

The president of the organization, Cristina Herrero, pointed out last week that the data for this quarter would be effectively negative.

And today he has gone further and has put specific numbers.

The economy will enter "in negative territory both in the fourth quarter of this year and the first of next year," he explained.

"For the fourth quarter we foresee a figure between -0.2% and -0.3%, although the data we receive from Europe

is being more negative than we estimated

, so we could re-evaluate it. And the same for the first quarter of 2023", Esther Gordo, director of the Budget Analysis division, has deepened during the presentation of the

Basic Lines of the Budgets

that the organism has carried out today.

All this, in addition, added to the flat growth that it estimates for the third quarter, whose official data will be known this Friday and which, according to what was already indicated last weekhttps://www.elmundo.es/economia/macroeconomia/2022/10/21 /63525dd4e4d4d8586e8b4617.html a director of the National Institute of Statistics (INE), will be "

around zero

".

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