Latest News:  
Beijing   Cloudy/Overcast    29 / 20 ℃  City Forecast


Spain to have 6 million unemployed in 2013: CEOE


14:53, September 20, 2012

MADRID, Sept. 19 (Xinhua) -- The Spanish Confederation of Business Organizations (CEOE) reported Wednesday that Spain will have almost 6 million people unemployed in 2013.

According to the data released by the business organization, despite the labor reform adopted by the Spanish government, unemployment will continue to grow and in 2012 will reach 5.8 million people.

This means that the unemployment rate will be 25.2 percent in 2012 and will reach 26.5 percent in 2013.

This report also revealed data on economic growth. The CEOE said that the Spanish economy will contract by 1.6 percent in 2012 and in 2013.

These data do not correspond to those provided by the Spanish government, which forecasted that the Spanish GDP would contract by 1.5 percent in 2012 and 0.5 percent in 2013.

Regarding the Spainsh government, the CEOE says it will not be able to meet the deficit targets. Spain should reach 6.3 percent of deficit and according to the report released on Wednesday it will reach 6.9 percent in 2012.

In 2013 the Spanish deficit will be 4.9 percent, meanwhile the European Union asks for a 4.5 percent.

The CEOE worsens its forecast since last March when it reported that the Spanish GDP would contract by 0.7 percent and the unemployment rate would be 23.9 percent in 2013.

This is because domestic demand has worsened along with the international context perspectives.

Most viewed commentaries

World News in Photo
They have reasons to be naked DPRK in festive mood for National Day Remember 9/11, return to where nightmare started
A glimpse of Berlin Air Show North Korea's Kim, wife visit physical exercise center Anti-US protests sweep Islamic world


Leave your comment0 comments

  1. Name


Selections for you

  1. China, U.S. conduct joint anti-piracy exercise in Gulf of Aden

  2. To live an amazing life

  3. Alibaba closes buyback deal with Yahoo

  4. Action, cut, and cut again

  5. Sexy & Violence --- Mexican women's wrestling

  6. Guninness World Records 2013

Most Popular


  1. Global value chains in the world economy
  2. Renaming of South China Sea draws some flak
  3. Returnees should receive a helping hand
  4. U.S. trade dispute with China a mistake
  5. Landings fan protest flames
  6. Politics should not victimize China-US trade
  7. Shifting sands in Middle East
  8. U.S. has responsibility for Asia-Pacific stability
  9. Chinese people do not fear deliberate provocation
  10. US case against China subsidies politically driven

What's happening in China

Bright Diary product under fire for forbidden ingredients

  1. Mekong River attack suspects' trial opens
  2. Radical overhaul at Forbidden City?
  3. University presidents inspire with speeches
  4. College students to be tested on fitness
  5. Plans to curb sandstorms in Beijing, Tianjin

China Features

  1. Why was the U.S. ambassador killed in Libya?
  2. Unforgettable moments you can't miss in Sept.(II)
  3. Three questions for Japan
  4. Commercializing Kung Fu
  5. Chinese Kung Fu: myth or deceitful trick?

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture