Spain faces ‘weak, fragile’ recovery: IMF

Spain faces ‘weak, fragile’ recovery: IMF
LONDON (MarketWatch) — Spain’s economic recovery will be “weak and fragile,” underperforming the euro zone, the International Monetary Fund said Friday in a report following a regular consultation between IMF staff and Spanish officials. The IMF has forecast Spanish gross domestic product to shrink by 0.4% in 2010, followed by growth of 0.6% in 2011. The IMF said its executive board stressed …

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