Spain Emerging from the Dust

Spain’s economy is beginning to emerge from years of gloom even as eurozone data show how bumpy the region’s recovery is likely to be.

Unemployment in the eurozone’s fourth-biggest economy fell in the third quarter, according to figures published Thursday. That followed a report from the Bank of Spain Wednesday predicting a return to economic growth in the quarter after a recession lasting two years.

The government is due to publish its latest GDP numbers next week.  Improvement in Spain’s jobs market is crucial to a broader recovery and Thursday’s figures show the country’s unemployment rate fell to its lowest level in a year.


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