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Spain struggles to reduce unemployment, debt despite growth

Unemployment is one of the hot-button issues of the elections, with Spain the second worst off in the European Union after GreeceSpain, which goes to the polls on Sunday in a repeat general election, is the eurozone’s fourth largest economy and one of the fastest-growing nations in Western Europe, although it suffers from high unemployment and debt. Spain’s gross domestic product (GDP) expanded by 3.2 percent in 2015 and growth has remained steady this year despite a political stalemate that has left the country without a government since inconclusive December elections. Acting Prime Minister Mariano Rajoy’s conservative government predicts the economy will expand by 2.7 percent this year, then slow to 2.4 percent in 2017.

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