Spain's prime minister said Friday that his recession-ridden country will miss its deficit goal for this year, risking sanctions from the European Union.
The announcement came as the government reported more grim economic news: a big rise in claims for jobless benefits last month and a new forecast that Spanish economic output will fall 1.7 percent this year, worse than the 1 percent forecast recently by the EU and the 1.5 percent predicted just weeks ago the Bank of Spain.
Unemployment now at 22.9 percent will hit an average 24.3 percent this year, the government said.
For more: Spain warns it will miss 2012 deficit target
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