Arab Today, arab today spains pm economic recovery better then expected
Last Updated : GMT 18:05:58
Arab Today, arab today
Arab Today, arab today

Spain's PM: Economic recovery better then expected

Arab Today, arab today

Arab Today, arab today Spain's PM: Economic recovery better then expected

Spanish PM Mariano Rajoy
Madrid - AFP

The Spanish economy is recovering "better than expected" and is now among Europe's best performers, although it still faces "numerous" problems, Prime Minister Mariano Rajoy said Friday.
"Things are going better than we expected. We are registering healthy and diversified growth which is here to stay," he said during an annual end of term press conference.
"In less than two years we have gone from being an economy on the brink of a bailout to being one of the economies that is growing the most in Europe," he added.
"We are going in the right direction, but we are conscious that there is still much to do and the problems that we must tackle are still numerous."
Economy Minister Luis de Guindos said on Tuesday the government planned to raise its 2014 and 2015 economic projections in September after stronger-than-expected performance over the last six months.
He said the forecasts are likely to be raised to growth of 1.5 percent this year, up from a previous estimate of 1.2 percent, and possibly 2.0 percent next year, up from 1.8 percent.
In 2008, a property crash plunged the eurozone's fourth-biggest economy into five years of economic and financial turmoil.
Spain faced pressure to seek a full financial bailout from the eurozone in 2012. In the end it received 41 billion euros ($55 billion) to rescue its banks.
Spain technically exited its second recession in five years in mid-2013.
The Spanish economy expanded by a better-than-expected 0.6 percent, up from growth of 0.4 percent in the first quarter, with the government crediting its reforms to the banking system and labour market for the stronger growth.
But unemployment, while starting to fall, remains sky-high.
The latest unemployment data showed the jobless rate edged below 25.0 percent in April-June for the first time since the third quarter of 2012. But at 24.47 percent, it remains one of the highest in the industrialised world.
Rajoy said his government would in October introduce a package of measures aimed at creating jobs for those over the age of 45 or for workers who have been out of work for a long time.
His cabinet on Friday approved a major reform to lower both corporate tax and income tax for lower earners, which it hopes will boost economic growth.
The new leader of the main opposition Socialist Party, Pedro Sanchez, said the government was out of touch with the financial situation of most Spaniards.
"Please, do not say there is an economic recovery when what we have is the impoverishment of the middle class," he told a news conference.
The first measure Sanchez has pledged to take if his party wins the next general election, slated for 2015, is scrap a labour law reform introduced by Rajoy that makes it cheaper and easier to fire workers.

 

arabstoday
arabstoday

GMT 13:55 2017 Wednesday ,20 September

Humble bicycle back in vogue in Cuba

GMT 13:19 2017 Wednesday ,20 September

European equities waver before Fed decision

GMT 12:57 2017 Wednesday ,20 September

UK retail sales surge in August, raises interest rate

GMT 11:03 2017 Wednesday ,20 September

US CEOs optimistic on economy, tax reform: survey

GMT 07:12 2017 Wednesday ,20 September

NAFTA talks moving at 'warp speed,' US trade rep

GMT 07:04 2017 Wednesday ,20 September

Brazil’s economy needs your prayers

GMT 17:06 2017 Tuesday ,19 September

EU firms want 'concrete action' from China on access
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spains pm economic recovery better then expected Arab Today, arab today spains pm economic recovery better then expected

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spains pm economic recovery better then expected Arab Today, arab today spains pm economic recovery better then expected

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday