Spain on Right Track After Tackling Labor Laws, Gurria Says
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Spain’s economy is starting to see results after the government slashed deficits and overhauled labor laws, said Angel Gurria, the head of the Organization for Economic Cooperation and Development.
The country’s 26 percent unemployment rate has “stopped growing” as labor costs converge with productivity similar to Germany, Gurria said. He complimented Spain’s coalition government for passing reforms while facing pressure from protests.