Economy in Spain

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    ALBANIA, 2016/01/02
  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • CNR , Med region economies 11th edition, ten years seem like a hundred

    CYPRUS, 2015/11/21
  • Spain's economic recovery started in 2013...

    SPAIN, 2015/08/03 Spain's economic recovery started in 2013, next five years of economic stagnation, but analysts say that approximately 1.7 million people earn a living through jobs not taxed by the government. Even though Spain is in the midst of a recovery, the country still has the second highest unemployment rate in the European Union, with Greece coming in initial. The unemployment rate went from 23.8 % in the initial quarter to 22.4 % in the second quarter, according to The Economic Times. Officials claim that the Spanish economy is improving, but a lot of locals are not feeling the benefits. Spaniards are hard-pressed finding steady work, which is why a lot of are turning to jobs that offer undeclared gain. The black economy does not mean the trade in question is illegal. For instance, a person in Spain may work in a shop where an employer pays cash, allowing workers to keep any gain hidden from the government. Black market jobs are the strongest in such sectors as tourism, agriculture and domestic labor.
  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
  • Bank of Spain estimates the country climbed out of recession in third quarter

    SPAIN, 2013/10/25 GDP increase between July and September was the fruit of a additional buoyant export sector, which contributed 0.4 % points to third-quarter increase, while a decline in domestic request shaved off 0.3 points. Spain's GDP shrank by 1.2% compared to the third quarter of 2012, although the year-on-year decline was four-tenths of a % point lower than in the second quarter. The decline in employment slowed significantly in the third quarter, falling by 0.1 % point compared to the April-June period, the Bank of Spain said, adding that, if confirmed, that ”would represent the least unfavorable rate (of job loss) since the onset of the crisis.“
  • Spain Emerges From Recession In Q3

    SPAIN, 2013/10/24 The Spanish economy has finally returned to increase in the September quarter, next staying mired in a recession for additional than two years, as the ongoing development in world economic conditions lifted the country's exports. The new estimates from the Bank of Spain showed on Wednesday that gross domestic product edged up 0.1 % sequentially in the third quarter, offsetting the second quarter's 0.1 % contraction. The economy has been improving gradually since early this year on the back of rising confidence and an easing in financial stress, the bank said in its quarterly bulletin on Wednesday.
  • Spain GDP Contracts 0.1% In Q2 As Estimated

    SPAIN, 2013/08/30 The Spanish gross domestic product shrank 0.1 % quarter-on-quarter in the second quarter of 2013 in line with the advance estimate, data from the country's statistical office Ine confirmed Thursday. The pace of contraction has eased for a second consecutive quarter, suggesting that the recession is easing. Meanwhile, the initial quarter figure was revised up to show a GDP contraction of 0.4 % instead of 0.5 % decline reported before.
  • Spanish unemployment unacceptable

    SPAIN, 2013/06/19 Spain's unemployment is at an "unacceptably high level" and urgent action is needed to overcome it, according to the International Monetary Fund. The organization congratulated Spain for restoring credibility to its economic policies through austerity measures imposed by prime minister Mariano Rajoy last year but it said they appeared to be insufficient to resolve the crisis. Outlining the IMF's preliminary analysis of the situation in Spain, James Daniel, chief of the IMF's mission in Spain, said workplace reforms had produced improvements but were not enough.
  • Spanish Unemployment Drops Further In April

    SPAIN, 2013/05/06 Spain's unemployment decreased further in April, and reached below the five-million mark, indicating that the recession-stricken economy is showing signs of recovery, data released by the Labor Ministry showed Monday. The number of unemployed persons decreased by 45,060 or 0.91 % from the previous month to around 4.99 million in April.