• Spain's news in English

Spain to create 350,000 jobs in 2015

George Mills · 26 Sep 2014, 14:38

Published: 26 Sep 2014 14:38 GMT+02:00

Facebook Twitter Google+ reddit

The finance ministry published forecasts of 1.3 percent growth for 2014 and two percent for 2015, raising earlier estimates of 1.2 percent for this year and 1.8 percent for next year.

It said it expected Spain's unemployment rate to ease to 24.2 percent this year and to 22.2 percent in 2015.

Currently at 24.47 percent, Spain's unemployment rate is the second highest in the eurozone after bailed-out Greece.

The ministry said it expected the country to create 622,000 jobs in 2014 and 2015, and 348,000 next year alone after six years of job destruction sparked by the collapse of a construction boom in 2008.

"This improvement comes despite a less favourable economic climate, particularly in the eurozone," it said in a statement.

"The recovery of the Spanish economy is strengthening, with higher growth than that of the countries in the single currency zone."

The government published the new forecasts after a cabinet meeting at which it approved the country's 2015 budget.

The forecasts come a day after the country's central bank published a report warning Spain was likely to see slower growth in the final months of 2014 on the back of lower consumer demand.

Story continues below…

"For domestic consumption, opinion polls and retail indicators are, on average in July and August, below the levels that were seen in the second quarter," the report said.

The report also said job creation had been slower in the third quarter to date than in the first half of the year.

Spain clocked up 0.6 percent growth in the second quarter of 2014, it's fastest growth in six years as the country slowly emerges from its long economic crisis. 

For more news from Spain, join us on Facebook and Twitter.

George Mills (george.mills@thelocal.com)

Facebook Twitter Google+ reddit

Your comments about this article

Today's headlines
Brit paedo held on Costa del Sol after Most Wanted appeal

One of Britain’s most wanted fugitives was arrested on the Costa Del Sol following a tip-off from an expat just hours after his face appeared on a public appeal.

'Cubism and War' show opens at Barcelona Picasso Museum
Pablo Picasso Harlequin and Woman with a Necklace. Photo: MP

Barcelona's Picasso Museum unveiled an exhibition on "Cubism and War" on Thursday depicting how one of the most influential artistic styles of the 20th century survived the First World War.

Why this bionic limb pioneer doesn't believe in disability
Hugh Herr has been award Spain's top science prize. Photo: FPA

The Local speaks to Hugh Herr on winning Spain's top science prize and how being an amputee doesn't make him disabled.

Dine in the buff at Spain's first nudist restaurant
A buffet of organic food will be served on "human tables". Photo: Innato / Facebook

Spain's first naked dining experience is to arrive on the island of Tenerife following the success of a similar venture in London.

Spain's top court overturns bullfighting ban in Catalonia
Photo: AFP

Spain's Constitutional Court on Thursday cancelled a bullfighting ban in Catalonia in what is likely to exacerbate tensions between Madrid and the separatist region, and between animal activists and fans of the tradition.

Out of the dark: Five years on from Eta ceasefire
Eta members made a ceasefire declaration in January, 2011. Photo: Gara / AFP

Five years after armed separatist group Eta declared a permanent ceasefire, Basque journalist Alberto Letona is still wondering when the dialogue will begin.

Hunt for ten most wanted Brit fugitives hiding out in Spain
Call Crimestoppers if you recognize these faces.

These fugitives from British justice are thought to be hiding out in Spain. Do you recognize anyone?

Eta 'not dead' but Spain focus moves onto jihadism
Archive photo of a pro-mural in the Basque Country. Photo: AFP

Five years after Eta quit violence, the Basque separatist group has yet to dissolve but it poses little threat and authorities have shifted their focus to fight jihadists, says Spain's chief anti-terrorism prosecutor.

Brazilian suspect in grisly Madrid murder turns self in
Marcos Campos Nogueira is the chief suspect in the murder of a married couple and their two children. Photo: Guardia Civil/Twitter

A Brazilian teenager suspected of dismembering his uncle and aunt and killing their two young sons in a grisly crime that shocked Spain has turned himself in to police.

Spain approves equal parental leave for fathers
Photo: Rietje Swart / Flickr

Fathers will now be allowed the same parental leave as new mothers, under measures agreed by Spain’s parliament.

Sponsored Article
How to vote absentee from abroad in the US elections
Celebrate expat life at Madrid’s THRIVE convention
Sponsored Article
Last chance to vote absentee in the US elections
Disney announces plans for Don Quixote action movie
Activist tells 8-yr-old matador wannabe with cancer 'just die'
Sponsored Article
How to vote absentee from abroad in the US elections
King to make last minute push to avoid third vote in Spain
Amazing photos of Catalonia's 'human tower' contest
What's on in Spain: October 2016
'No way, Jose! You'll never get your hands on our Rock'
Recipe: How to make a classic Spanish tortilla de patatas
Chorizo in paella? Go back to cooking school Jamie Oliver
Spain in eye of a perfect storm after 10 months without govt
Thousands share clips of life for 'Spain in a Day' film
Ten incredible Spain locations for Game of Thrones season 7
Analysis & Opinion
Why moving to Spain could be the best decision of your life
Seven reasons why autumn is the very best season in Spain
Spanish study finds four types of personality. Which are you?
New search underway for civil war grave of poet Lorca
Bison found decapitated on Valencia nature reserve
Forgotten Voices: What Brits in Spain think about Brexit
One dead and 14 injured in blast at Spanish resort
Game of Thrones want extras 'with muscles' to film in Spain
Thousands march in Madrid to push for bullfighting ban
Spanish team invents hands-free 'penis bidet'
In pics: Devastation caused by Costa Blanca wildfires
jobs available