Spain will not return to the level of GDP in 2007 to 2012, reported in the country's Ministry of Finance
Spain returns to the level of GDP in 2007, at least until 2012 and did not show quarterly growth until mid-next year. This stated the Minister of Finance, Elena Salgado, in an interview with the newspaper Publico.
As the K2Kapital , unemployment in the Mediterranean region can be maintained at a level above 4 million before the end of the year. In all likelihood, by the end of 2009 this figure will grow to no more than 5 million people. National Institute of Statistics announced on 24 July that the unemployment rate rose to 4.14 million in the second quarter of 2009.
expenditure on social security will make the Government reduce other budget items, he said. The Government does not intend to increase the sales tax from the current low level of consumption, she added.
We are at the stage of slowing down. We will continue to drop, but I hope that by mid-2010 level development will be positive, – leads the newspaper the words of the Minister.
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