Forecast for Spanish economy - The Economist

Spain

• Debt will be 68% of GDP by the end-2011.
Deficit falling from 11.1% in 2009 to 9.3% in 2010 and 6.5-7% in 2011.

• It should be held to 75% of GDP by 2016
But still danger of cycle of recession leading to falling revenue and wider deficits.

• But measures have been serious and sufficient political consensus.

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