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Minister: Spain's economy has reached "turning point"

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(Globalpost/GlobalPost)

Madrid, May 6 (EFE).- Spain's economy has reached a "turning point" and the April employment figures show a "positive" trend, Economy Minister Luis de Guindos said Monday.

The Employment and Social Security Ministry reported that the number of unemployed people in Spain fell for a second consecutive month in April, with 46,050 fewer jobless people.

The total number of unemployed dropped 0.91 percent to 4.98 million, the ministry said.

The April figures "indicate that a turning point is being reached in the Spanish economy in 2013 and that in 2014 we will have positive economic growth figures and much better data from the standpoint of job creation," De Guindos said at the Global Sustainability Summit organized by Ernst & Young.

Spain's labor market is affected by seasonal factors and figures tend to be negative in the fourth and first quarters of the year, while coming in positive in the second and third quarters, the economy minister said.

Spain will stop experiencing job destruction next year, De Guindos said, citing European Commission forecasts.

The reforms implemented by the government have "made us capable of creating employment at lower growth levels than in the past," De Guindos said.

http://www.globalpost.com/dispatch/news/agencia-efe/130506/minister-spains-economy-has-reached-turning-point