IMF sees Spain’s jobless rate climbing to 27 percent this year

Agency now predicts that Spanish economy will contract by 1.6 percent in 2013.

After five years in crisis, the IMF on Tuesday predicted the Spanish economy would continue to struggle, with the recession deepening this year, accompanied by record levels of unemployment.
In its latest World Economic Outlook report, the International Monetary Fund forecast the Spanish economy would decline 1.6 percent this year after on top of a 1.4-percent contraction in 2012. A timid recovery is due to set in next year when GDP is expected to grow 0.7 percent. The IMF previously forecast GDP would shrink 1.5 percent this year and grow 0.8 percent in 2014.
El Pais