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Bank of Spain sees growth but high joblessness

KDWN

MADRID (AP) — The Bank of Spain predicts the economy will grow by 1.2 percent in 2014, slightly above government and EU forecasts, though unemployment is expected to dip only slightly from its near-record levels.

In its monthly report released Wednesday, the bank said that despite the economic recovery, the unemployment rate of 26 percent should edge down to 25 percent this year and to 23.8 percent in 2015.

It said gross domestic product should increase by 1.7 percent in 2015.

Spain emerged from a double-dip recession in the third quarter of 2013.

Bank of Spain sees growth but high joblessness

KDWN

MADRID (AP) — The Bank of Spain predicts the economy will grow by 1.2 percent in 2014, slightly above government and EU forecasts, though unemployment is expected to dip only slightly from its near-record levels.

In its monthly report released Wednesday, the bank said that despite the economic recovery, the unemployment rate of 26 percent should edge down to 25 percent this year and to 23.8 percent in 2015.

It said gross domestic product should increase by 1.7 percent in 2015.

Spain emerged from a double-dip recession in the third quarter of 2013.

Bank of Spain sees growth but high joblessness

KDWN

MADRID (AP) — The Bank of Spain predicts the economy will grow by 1.2 percent in 2014, slightly above government and EU forecasts, though unemployment is expected to dip only slightly from its near-record levels.

In its monthly report released Wednesday, the bank said that despite the economic recovery, the unemployment rate of 26 percent should edge down to 25 percent this year and to 23.8 percent in 2015.

It said gross domestic product should increase by 1.7 percent in 2015.

Spain emerged from a double-dip recession in the third quarter of 2013.

Bank of Spain sees growth but high joblessness

KDWN

MADRID (AP) — The Bank of Spain predicts the economy will grow by 1.2 percent in 2014, slightly above government and EU forecasts, though unemployment is expected to dip only slightly from its near-record levels.

In its monthly report released Wednesday, the bank said that despite the economic recovery, the unemployment rate of 26 percent should edge down to 25 percent this year and to 23.8 percent in 2015.

It said gross domestic product should increase by 1.7 percent in 2015.

Spain emerged from a double-dip recession in the third quarter of 2013.