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Economic Outlook

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Global growth this year will reach 3.3 per cent and 3.6 in 2012. From the OECD maintains the pace of growth for Spain. The OECD, that Yes, little optimistic about employment. Such as the OECD, the UN has also given its point of view on the economic evolution of Spain. Thus, for United Nations, settings you need the economy of Spain are easier to apply in the case of countries like Greece or Portugal, but as high levels of unemployment and austerity measures can complicate recovery.

The austerity measures and as high levels of unemployment, especially among young people, will bring many problems for the Spanish economy recover, said the director of the Division of analysis and development policy of the Department of economic and Social Affairs of United Nations (DESA), Rob Vos. It maintained its forecast for its part, the OECD maintained its forecast of economic growth for Spain during 2011 and ensures that it will be at a 0.9%. However, as for unemployment, the organization is much less optimistic and predicts it will rise to 20.3% of average. Thus reflect it data in its biannual Economic Outlook report. Regarding 2012, limited expectations of growth to 1.6 per cent, two tenths less than what was calculated in November and, although the average level of unemployment begins to slump next year, will do so in a very moderate way and will stay on average 19.3%, and not in 17.4% that had been estimated in its previous report.

To the OECD, activity in the real estate sector will continue depressed by the number of dwellings that are unsold, while the correction in this sector is well advanced (prices accumulate a fall of around 20%). In this context, the economic recovery will occur gradually. The world economy will grow 3.3% the world economy will grow 3.3% in 2011 and up to 3.6% in 2012, according to revised upwards and data released by the UN, which adds that the developing countries will lead these increases. Economic recovery will continue to be led by large economies of Asia and Latin America, particularly in China and Brazil, although they are also moderating by the pressures of rising prices or inflation, indicated the Department of analysis of economic issues and social of the UN. Source of the news: the United Nations warns that unemployment and austerity measures can complicate recovery


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