IMF calls on Spain to raise VAT and enable cheaper layoffs / Spain will top economic growth and job creation this year, say world bodies

In its 'Concluding Statement of the 2015 Article IV Mission' to Spain issued on the 8 June 2015 the IMF said that Spain has rebounded strongly and employment is increasing, helped by past reforms. However, the level of unemployment is still painfully high and vulnerabilities remain. Sustaining job-rich growth at the current pace, further reducing public and private indebtedness, and maintaining confidence will require additional fiscal efforts and structural reforms.

• Primary Source

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

IMF: News, 08.06.15: Spain: Concluding Statement of the 2015 Article IV Mission http://www.imf.org/external/np/ms/2015/060815.htm

The Local.es, 09.06.15: IMF optimistic on Spain's economic recovery http://www.thelocal.es/20150609/imf-optimistic-on-spains-economic-recovery

ESO: Background information: IMF doubles 2014 growth forecast for Spain in just six months http://www.europeansources.info/record/imf-doubles-2014-growth-forecast-for-spain-in-just-six-months/

El Pais, 09.07.15: Spain will top economic growth and job creation this year, say world bodies http://elpais.com/elpais/2015/07/09/inenglish/1436452098_169880.html

The Local.es, 10.07.15: Spain improves outlook for joblessness and debt http://www.thelocal.es/20150710/spain-improves-unemployment-debt-outlook

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