Mariano Rajoy warned Spain economic growth outlook 2013

World Economic outlook -  Mariano Rajoy warned Spain economic growth outlook  2013  The Spanish economy has been shrinking since mid-2011, driving up the unemployment rate to 25 percent, the highest since the return to democracy after the death in 1975 of General Francisco Franco.

At the same time, the Popular Party government is shaking up the banking sector with financial help from the eurozone and has pushed through drastic changes to the labour market.

Spain manufacturing activity november 2012

World Economic outlook - Spain manufacturing activity november 2012  : Later Monday, Spain are to release official data on manufacturing activity, a leading indicator of economic health.

how will Spain budget 2013

World Economic outlook - how will Spain budget 2013 : In addition, the government is now also looking to toughen the levy further by lowering the tax's minimum threshold to EUR108,000, according to Expansion.

Spain will not rush to seek external aid to finance its debt, Economy Minister Luis de Guindos said on Saturday, adding that the country’s banks would need €60 billion (Dh286 billion) to clean up the toxic property assets on their balance sheets.

Spain economic growth outlook 2013- 2014

World Economic outlook - Spain economic growth outlook 2013-2014 : Spain’s recession worsened in the second quarter as consumer spending was battered by an austerity effort that is set to triple in scope through 2014 to tackle the euro area’s third-biggest budget deficit.

Gross domestic product fell 0.4 percent from the previous quarter, when it declined 0.3 percent, the Madrid-based National Statistics Institute said today. That’s in line with an estimate of 0.4 percent on July 30, before the institute revised down yesterday data for 2010 and 2011. Consumer spending dropped 1 percent in the quarter.

Italy and Spain will remain in recession 2012-2013

World Economic outlook - Italy and Spain will remain in recession 2012-2013 : Italy and Spain will remain in recession next year, according to the IMF, placing a question mark over their ability to refinance their banks and generate sufficient goodwill from international lenders to prevent them from going bust. Fears that Spain and Italy will need a bailout from Brussels continue to weigh on global growth following the reluctance of Germany, Finland, Holland and Austria to sanction a fund capable of handling both countries.

Spain won't make 2012 growth target

World Economic outlook - Spain won't make 2012 growth target : Prime Minister Mariano Rajoy said on Monday Spain was not going to meet its existing growth target for 2012, but wouldn't go into detail about what that may mean for its plans to cut its budget deficit sharply.

Spain Labor Market forecast 2012

World Economic outlook - Spain Labor Market forecast 2012 : Spain has a lower public debt-to-GDP ratio than not only Italy, but also France, Germany, and the UK. So why is it threatened with another downgrade? This column points to the fundamental problem with Spain’s economy – the insider-outsider divide that has led to the highest unemployment rate in the Eurozone. It proposes a single open-ended contract for all workers – a difficult solution whose time has come.