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Spain to grow 1 pct in 2014, 1.5 pct in 2015, says Rajoy
February 25, 2014 / 12:00 PM / in 4 years

Spain to grow 1 pct in 2014, 1.5 pct in 2015, says Rajoy

MADRID, Feb 25 (Reuters) - Spain’s economy is set to grow by 1 percent in 2014 and 1.5 percent in 2015, enabling the country to start reducing its high unemployment rate, Prime Minister Mariano Rajoy said on Tuesday.

In his annual state-of-the-nation speech, Rajoy also said he would soon implement a wide-ranging tax reform that will alleviate the fiscal burden on middle- and low-income taxpayers.

Social security contributions will also be cut for companies creating jobs, he said.

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