The International Monetary Fund (IMF) has put Spain at the top of the list for economic growth in 2015, a country where 25 percent of the active population is unemployed, and where public debt is dangerously close to 100 percent of GDP.
It's the positive surprise which IMF presents in its assessment of economic growth among the EU Member States.
Spain who two years ago received financial assistance from the EU is now the only member country that can boast economic growth and a growing prognosis.
IMF says growth is 1.3 per cent this year which is expected to increase to 1.7 percent in 2015.
IMF underlined that economic growth in Spain continues and that the reason is rising external demand and growth in domestic consumption and investments that improve the economic conditions and signals greater confidence.
The IMF further reports that the economic situation in the euro zone is alarming, with economic stagnation and low inflation.
DON'T MISS A POST - FOLLOW US ON FACEBOOK!
Comments at Speisa are unmoderated. We do believe in free speech, but posts using foul language, as well as abusive, hateful, libelous and genocidal posts, will be deleted if seen. However, if a comment remains on the site, it in no way constitutes an endorsement by Speisa of the sentiments contained therein.comments powered by Disqus
David Lynch drops out of "Twin Peaks"
The American director David Lynch will not be directing a new season of the cult series ''Twin Peaks''.