1 hour, 51 minutes ago MADRID (AFP) - Spain's Economy Minister Pedro Solbes said Friday the country's once-buoyant economy was experiencing an "abrupt adjustment" but denied it was in "crisis."The minister noted the "huge impact" of the slowdown, evidenced by a drop in economic growth to 0.3 percent in the first quarter from 0.8 percent in the same period last year.
But the word "crisis" is generally associated with a recession, the former EU economic commissioner told a news conference, preferring the terms "strong slowdown" or "intense and abrupt adjustment."
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