http://press.bbva.com Powered by Acceso Group acceso@acceso.com no -Todos los derechos reservados- http://prensa.bbva.com/view_object.html?obj=9882,9888,c,43605 http://prensa.bbva.com/view_object.html?obj=9882,9888,c,43605 http://prensa.bbva.com/view_object.html?obj=9882,9888,c,39651 http://prensa.bbva.com/view_object.html?obj=9882,9888,c,39651 http://prensa.bbva.com/view_object.html?obj=9882,9888,c,39652 http://prensa.bbva.com/view_object.html?obj=9882,9888,c,39652 http://prensa.bbva.com/view_object.html?obj=9882,9888,c,39653 http://prensa.bbva.com/view_object.html?obj=9882,9888,c,39653 http://prensa.bbva.com/view_object.html?obj=9882,9888,c,39654 http://prensa.bbva.com/view_object.html?obj=9882,9888,c,39654 Speakers: Francisco González, BBVA Chairman & CEO; José Ignacio Goirigolzarri, BBVA President & COO; José María García Meyer, BBVA Compass Chairman and BBVA USA Country Manager, and Manuel Sánchez, BBVA Compass President & CEO ]]> http://prensa.bbva.com/view_object.html?obj=9882,9888,c,39656 http://prensa.bbva.com/view_object.html?obj=9882,9888,c,39656 BBVA Research Department said in the "Spain Watch" report that the unprecedented recession in the global economy has caused a more severe downturn in the Spanish economy than what was forecast four months ago. Widespread uncertainty explains the increase in precautionary savings as well as the fall in investment in capital goods and housing. All of this will have a negative bearing on the Spanish economy and cause it to shrink by 2.8% in 2009.

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