World Economy

Spain Economy to Grow

Spain Economy to GrowSpain Economy to Grow

Spanish Prime Minister Mariano Rajoy’s government estimates the economy will have expanded by 1.4% in 2014 and will grow by 2.0 percent in 2015, a faster growth rate than is expected in France, Germany and Italy, NewsNow reported. Spain’s unemployment rate fell in 2014 for the second straight year, dropping by just over two points to 23.7 percent, but still remains at one of the highest levels in the European Union. The fall was greater than what had been expected by the government, which had forecast the country would end 2014 with a jobless rate of 24.2 percent as en economic recovery gains pace.