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Spain sees the economy contracting by 0.5% in 2013 and growing by 1.2% in 2015, according to a...

  • Friday, July 20, 2012, 8:01 AM ET
    Spain sees the economy contracting by 0.5% in 2013 and growing by 1.2% in 2015, according to a Reuters report. The unemployment rate is expected to hit 24.6% this year, improving only slightly in 2013 to 23.3%.
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This news story has 3 comments:

  •  
    There must be some bad acid going around.

    Don't take the window pane!
    20 Jul 2012, 08:12 AM Reply Like
  •  
    Where is the growth going to come from...they will have much more debt...very expensive debt....they will not need anymore housing for years....and unemployment will be huge.....any actual reforms..don´t know if they will ever happen...I see 0% at BEST..more like more negatives for years
    20 Jul 2012, 08:13 AM Reply Like
  •  
    In the first three months of this year, more than 365,000 people in Spain lost their jobs. The country now has the highest unemployment rate in the EU and it is expected to rise further. I love their optimism though
    20 Jul 2012, 08:33 AM Reply Like
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