WRAPUP 1-Spanish economy close to contraction, deficit soars

Newswire

(Adds detail, figures) By Manuel Maria Ruiz MADRID Sept 23 (Reuters) - Spain could soon face its first economic contraction in 15 years, the country's economy minister said on Tuesday as the latest statistics showed falling house prices, cuts in car production and a soaring budget deficit. Spain's government has long ruled out negative growth. But Economy Minister Pedro Solbes told Spain's Antena 3 television channel: "In the next two quarters growth will be around 0.1 percent to ...

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