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Spain improves unemployment, debt outlook

People attend a mass demonstration in Madrid called by Spain's two main trade unions to protest the country's huge unemployment rate and demand political reform on March 10, 2013The Spanish government on Friday lowered its 2015 forecasts for unemployment and public debt, bolstering its claims of a surging economic recovery months ahead of a general election. The economy ministry said the Spanish economy would create more than 600,000 jobs this year and start to chip away from next year at its debt mountain. “For the first time since the start of the crisis in 2008, the Spanish economy is starting to see the light at the end of the tunnel,” Economy Minister Luis de Guindos told a news conference.

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