This 2014 Article IV Consultation highlights that economic growth in Spain has resumed, and unemployment is falling …

international experience of countries in the aftermath of financial crisis. The paper suggests Spain is likely to face a long period … of moderate growth (about 1½–2 percent) and high unemployment, but policy action—especially that directed toward … reducing structural unemployment and raising productivity—could lead to much better outcomes. …

that ended with the global financial crisis. Unemployment soared, the fiscal position deteriorated sharply, and funding … the last seven quarters, unemployment has reached high levels, and financing conditions remain tight for small firms. The …

The crisis has intensified what was previously a chronic unemployment problem in Europe; youth unemployment is now at … unprecedented highs in some European countries. This paper assesses the main drivers of youth unemployment in Europe. It finds that … much of the increase in youth unemployment rates during the crisis can be explained by output dynamics and the greater …