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IMF says Spain recession 'may end soon'

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(Globalpost/GlobalPost)

Spain's recession may end soon but the outlook is tough, the IMF said Wednesday, warning that the record unemployment rate is unacceptable and Madrid must go further in its economic reforms.

"While there are signs the economic contraction may end soon, the outlook remains difficult," the International Monetary Fund said in an annual review of the eurozone's fourth-largest economy.

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http://www.globalpost.com/dispatch/news/afp/130619/imf-says-spain-recession-may-end-soon