- Up to 0.7% from 0.5% ( at least they are still “+” figures)
- Unemployment to fall to 26.6% from 27.1% by end of 2013. 25.9% from 26.7% in 2014
- Government has adopted reform of public pension system
- Has approved law to remove inflation linked reviews of public wages, prices and indexes used by public administrators
Without knowing the background, I would assume that means that they won’t now have to give pay deals linked to inflation and they are not making the change to be able to pay out over inflation levels.
- Exports to grow 5.7% 2013 and 5.5% in 2014
- Current account surplus 3.4% of GDP 2014
Comments are from deputy PM Soraya Saenz after the Spanish cabinet approves the 2014 budget.
In honour of an FX analytical master, temporarily gone, but not forgotten ;-)
