IMF improves growth forecasts for Spain but raises its estimate for unemployment

The International Monetary Fund revised upwards on the 8 October 2013 its growth forecasts (World Economic Outlook) for Spain for 2013 and 2014 but predicted that the labour market would continue to deteriorate.

IMF: Spain and the IMF http://www.imf.org/external/country/esp/

IMF: World Economic Outlook, October 2013 http://www.imf.org/external/pubs/ft/weo/2013/02/index.htm

ESO: Background information: IMF calls on government to reduce wage and firing costs even further http://www.europeansources.info/record/imf-calls-on-government-to-reduce-wage-and-firing-costs-even-further/

El País, 17.10.13: Government unveils four-billion-euro fiscal adjustment plan for 2015 http://elpais.com/elpais/2013/10/17/inenglish/1382015323_333652.html

El País, 03.12.13: Unemployment falls in November for the first time in decades http://elpais.com/elpais/2013/12/03/inenglish/1386079590_588328.html

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