Spanish economy to grow 0.7-1% in 2014

 Spanish economy could grow by "0.7 percent to 1 percent" in 2014, said the president of the Spanish Confederation of Business Organizations (CEOE) on Wednesday. A growth between 0.7 percent and 1 percent could lead to 75,000 to 100,000 new full-time jobs and 150,000 to 200,000 new part-time jobs, explained Juan Rosell when speaking at an event held in Madrid. The remarks came as the unemployment data released on Tuesday showed a fall of 1,949 unemployed people in February Rosell also warned about the optimism caused by the unemployment data "Unemployment levels are very serious and very bad," said he, adding that job creation and decrease of Spain's unemployment rate would take "a lot of years." Meanwhile, the European Commission (EC) said on Wednesday that Spain has still to face some economic imbalances and risks although positive growth had reduced some of them. The EC said that Spain needs a decisive policy action and to continue reducing its debt. The body encouraged the government to continue with structural reforms in order to consolidate growth and take into account social problems.