Spain's economy may grow by 1.1 percent in 2014, according to predictions published on Monday by the European Commission (EC).
The EC improved its economic outlook for Spain five days after the Spanish government announced similar, more optimistic predictions for the country.
According to the EC, the Spanish economy may grow by 1.1 percent in 2014 as opposed to the 1 percent previously predicted. The EC said that the country's economy would grow by 2.1 percent in 2015, as opposed to the 1.7 percent gross domestic product (GDP) expansion previously predicted.
The Spanish government had announced last week that Spain would grow by 1.2 percent in 2014 and by 1.8 percent in 2015.
The EC said that Spain's unemployment rate would stand at 25.5 percent this year and fall to 24 percent in 2015. The EC had previously predicted unemployment rates of 25.7 percent and 24.6 percent for 2014 and 2015 respectively.
The Spanish government had announced more optimistic predictions about unemployment: it is expected to fall to 24.9 percent this year and to 23.3 percent in 2015.
The EC said that Spain's public debt would reach 100.2 percent of GDP in 2014 and 103.8 percent in 2015. The Spanish government was more optimistic and predicted that Spain's public debt would reach 99.5 percent in 2014 and 101.7 percent in 2015./.