May 29, 2013

OECD sees jobless rate in Spain rising to 28 percent this year

Unemployment in Spain is expected to rise to more than 28 percent this year before stabilizing, while the fiscal deficit is expected to slightly drop in by the end of the year and remain at those levels the following year, according to the latest economic forecasts released on Wednesday by the Organization for Economic Co-operation and Development.

The OECD figures are in contrast to many projections made by the government of Prime Minister Mariano Rajoy,.. Read more.

El PaĆ­s

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