Spain jobless rate may rise to 23 per cent: OECD – Business Today – Business News

Spain’s unemployment rate could climb to 23 per cent next year, the Organization for Economic Cooperation and Development said Monday in its latest global Economic Outlook.

The Paris-based body of 34 mainly developed nations predicts that the Spanish economy will end this year with 0.7 per cent growth before slipping back into recession in 2012 with a 0.3 per cent reduction in gross domestic product (GDP).

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