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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