Spain still struggling to find its feet

The glimmer of hope in Spain's GDP numbers won't be enough to drag it out of a lost decade. With few levers available, the Spanish government can only cut its way to growth – a policy that's unlikely to work.

Spain’s ‘recession’ may technically be over but the economic performance of the country remains depressing, and with more austerity to come the recovery will be a drawn out affair.  According to IMF estimates, Spain and other European countries face the ominous prospect of more than a lost decade of economic growth.

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