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If employment stalls, can GDP grow?

MADRID | By Fernando G. Urbaneja | There is a consensus amongst  Spanish economists, who are forecasting a growth in GDP of 1.3% in 2014 and 2% in 2015. The Government shares this view and, on this basis, has already outlined the draft of next year’s budget. It believes that the “recovery and increased employment” phase is already under way, and in fact, that Spain is showing better indexes than the Euro zone average.

US & UK: Siamese twins? Up to a point

SAO PAULO  | By Marcus Nunes via Historinhas | NGDP and RGDP trends are rather similar in both countries. The main question is: Why is the UK´s labor market so much more exuberant?

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Spain: internal devaluation progresses and employment improves

LONDON | By The Corner | The Spanish Tax Agency published on Monday its monthly statistics on large enterprises. Experts at Barclays explain that among others, the May data show that wages dropped 0.3% y/y (sa and wda) for these firms. The average monthly wage increase in Jan-May period was -0.2% y/y, which coincides with the average monthly salary growth increase since the main 2012 labour market reform in Spain.

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Spain: Employment follows recovery path

MADRID | By Fernando G. Urbaneja | June employment data are the best in the last seven years: economy is moving and employment reflects an activity with generalised increases in sectors and regions. Spanish growth is still slight but significant after seven years of decline. (Graph: Charles Butler @ibexsalad)

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Jobless queue shrinks in Spain, but 26% rate still dents recovery

MADRID | By Fernando G. Urbaneja | New employment data released on Tuesday still point to a draining situation in the eurozone’s forth economy. Employment destruction speed is simply slowing, not stopping. Unemployed queue shrank by 2,300 people, to 5.93 million, and rate climbed to 25.93 percent in the first three months of 2014, up from 25.73 percent in the previous quart. Something that is sharply denting the economic recovery.