Spain ends two-year recession but jobs remain a worry

Spain emerged from a two-year recession in the third quarter, strengthening Prime Minister Mariano Rajoy’s efforts to repair the nation’s finances and reduce the 26 percent jobless rate. Gross domestic product expanded 0.1 percent from the second quarter, when it shrank 0.1 percent, the Madrid-based Bank of Spain estimated in its monthly bulletin yesterday.Spain is crawling out of its second recession since 2008 as foreign investors are returning to the nation’s bond and stock markets. Signs of economic growth may bolster Rajoy, half-way through his four-year term, as he tries to convince Spaniards that his unpopular policies will allow the nation to leave the sovereign debt crisis behind it.