Thursday, 25 April 2013

Spain Unemployment rate Hits 27% this quarter 2013


Spain's unemployment rate records highest this month which is 27.2% of the workforce in the first quarter. Over six million people are unemployed now shows the record. 

The figure underlines the country's struggle to escape from an economic crisis which began in 2008.
Big demonstration in Madrid is showing up against the austerity measures.

The Prime Minister Mariano Rajoy is going to uncover the fiscal and policy measure aiming to halt recession in Spain which is the fourth largest economy in Eurozone.

IMF forecasts the growth of the country to be in 2013 is 1.5% and the unemployment would be 27% in last week.

The number of Jobless is the highest now in Spain since 1976.




No comments:

Post a Comment