http://elpais.com/elpais/2013/05/29/inenglish/1369830651_165724.html
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, including estimates that unemployment will drop to 26.7 percent in 2014 from the current 27.2 percent.
The agency expects economic output to decline 1.7 percent this year, compared with a government forecast of a contraction of 1.3 percent, before returning to growth of 0.4 percent in 2014. The fiscal deficit, excluding the European bailout to clean up the banking system, is expected to narrow from 7.0 percent last year to 6.9 percent this year.
“Boosting growth should be the government’s number one policy priority,” the report states. “The government should aim to meet its fiscal consolidation targets in structural terms, but to let the automatic stabilizers operate fully.”
= new reply since forum marked as read