SPAIN'S biting recession may end soon but the outlook is tough and Madrid must do more to battle the country's unacceptably high unemployment rate, the IMF has warned.
Spain's economy, still reeling from a 2008 property market crash, fell into a double-dip recession in 2011 and the unemployment rate has since soared to more than 27 per cent.
Prime Minister Mariano Rajoy's conservative government has pursued an austerity policy even in the face of mass protests in the streets, but it now says the recession is close to bottoming out.
Economy Minister Luis de Guindos said on Tuesday that the country was "coming out of the recession" and the previous day Budget Minister Cristobal Montoro said the economy was at a turning point.
The International Monetary Fund, in an annual review of the eurozone's fourth-largest economy, agreed that the contraction may be coming to an end.
But it cautioned on Wednesday that tough times lay ahead.
"While there are signs the economic contraction may end soon, the outlook remains difficult," the Washington-based Fund said in a report.
The IMF said it expected the Spanish economy to start to grow later this year and to pick up to a pace of one per cent in the medium term, with only "limited" gains in employment.
Anda sedang membaca artikel tentang
IMF says Spanish recession 'may end soon'
Dengan url
https://tikusinternet.blogspot.com/2013/06/imf-says-spanish-recession-may-end-soon.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
IMF says Spanish recession 'may end soon'
namun jangan lupa untuk meletakkan link
IMF says Spanish recession 'may end soon'
sebagai sumbernya
0 komentar:
Posting Komentar