Spain Recession Seen Ending by 2014 as Austerity Eases
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The Spanish economy will shake off its recession and growth will accelerate through 2015 as European Union officials ease demands for budget cuts, economists said.
Economic output in Spain will increase for the first time since 2011 in the first quarter of 2014 and expand by 0.5 percent over the year, according to the median of 32 forecasts in the Bloomberg monthly survey. That compares with a previous estimate for a 0.3 percent expansion next year. The economy will grow by 0.9 percent in 2015, the survey showed.