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Latest Business News: De Guindos: Spain Out of Recession, Must Nurture Recovery

Wochit 0:55 mins

Spain's economy minister Luis De Guindos said in an interview that he's country economy will grow in the second half of the year but the government must implement reforms and cut the deficit - at the right pace - to keep the recovery going Analysts and sources say that Spain's Mariano Rajoy is making a risky political bet in claiming recovery is close at hand, as a recent economic upturn is fragile, and even if it persists an austerity-weary public may not feel much benefit. According to analysts and industry executives, major U.S. retailers are experimenting with new e-commerce strategies that could dent demand for package delivery services, particularly demand for shipments over long distances.

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