IMF urges Spain to implement employment-boosting measures

FXstreet.com (Barcelona) - The International Monetary Fund released a report on the state of the Spanish economy today in which it called for urgent action to spur growth and employment, additional to the previously implemented measures.

The IMF believes that despite the reforms carried out until now the unemployment level is unacceptably elevated and the perspectives for improvement are weak. That's why the organization is urging Spain to stimulate employment growth further.

It suggests that Rajoy's government should take several actions: improve training and placement services, reduce hiring costs, introduce tax breaks and wage moderation, facilitate access to credit for companies and promote the deleveraging process in the private sector.