VOICED : Economia cae en Espana

Spain's economy contracted more than expected in 2012, with a 1.6% GDP decline. The government implemented strict austerity measures to reduce the public deficit to 6.5% of GDP, impacting internal consumption. Despite high unemployment, recent indicators suggest a slight economic improvement. However, Moody's report indicates that Spain's efforts may not lead to sustainable growth before 2016.

What was the revised GDP contraction for Spain in 2012?

• 2.0%

• 1.8%

• 1.6%

• 1.4%

What is the target public deficit percentage for Spain in 2013?

• 6.0%

• 7.0%

• 5.5%

• 6.5%

Which factor contributed to the decline in domestic consumption in Spain?

• Rising inflation

• Decreased foreign investment

• High unemployment

• Increased exports

What was the unemployment rate decrease in Spain for the first time in two years?

• From 25.16% to 24.26%

• From 27.16% to 26.26%

• From 26.16% to 25.26%

• From 28.16% to 27.26%

According to Moody's, when is Spain expected to achieve sustainable growth?

• By 2016

• By 2017

• By 2014

• By 2015