Spain's ravaged economy suffers worst quarterly contraction on record

MADRID (Reuters) - Spain's economy shrunk by its biggest amount on record, 5.2%, in the first three months of 2020 due to the crippling impact of the coronavirus crisis, preliminary data showed on Thursday.The National Statistics Institute's figure was the worst since the historical series began in 1970 and exceeded analysts' forecasts of a 4.4% contraction versus the previous quarter.Spain has had one of the world's worst outbreaks with more than 24,000 COVID-19 fatalities and in mid-March..