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Spanish Unemployment at 25.1%



These figures are more Pessimistic than those included in the Government's macroeconomic picture, pointing to a correction of 1.5% of GDP this year and half point next year.

In terms of unemployment, 'The Economist' is also more pessimistic than the Spanish government to venture an unemployment rate of 25.1% at the end of this year, compared with 24.6% estimated by the team of Mariano Rajoy.

Figures from the British publication are more like the International Monetary Fund (IMF), in its latest update that the fall in GDP stood at 1.7% Spanish this year and 1.5% in 2013.

According to The Economist, the whole eurozone into recession this year closes, falling 0.5%. The largest declines in the recorded GDP Greece (-6.1%), Portugal (-3.2%), Italy (-2.2%) and Spain (-1.7%).

In 2013, the euro area as a whole will emerge from recession and grow by 0.2%, although countries such as Portugal (-2.2%), Greece (-1.8%), Italy (-0.5%) and Spain (-1.2%), remain in negative rates.

The countries of the world that recorded the highest growth rates in 2013 year are part of Asia, led by China (+8.6%) and followed by Vietnam (+6.6%) and India (+6, 5%).

However, some regions of South America also recorded very high growth next year, as Peru (+6.1%), Chile (+4.6%) and Colombia (+4.5%).


This post first appeared on Prediction Of Economic Crises, please read the originial post: here

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Spanish Unemployment at 25.1%

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