Spain: Growth with jobs
The Spanish economy is recovering from both the global financial crisis of 2008 and the sovereign debt crisis that affected the country in 2011. Following ten consecutive quarters of contraction, the economy started to rebound at the end of 2013 and is expected to grow by around 1.5 percent in 2014. While this report welcomes the recent reductions in unemployment, it also highlights the importance of taking further action to ensure there are sustainable improvements in employment and social conditions: actions to nurture enterprise growth and economic diversification; a coherent set of measures to help jobseekers remain in the labour market, acquire new skills and obtain employment; balanced reforms that facilitate hiring and boost job quality; adequate social protection.