Brussels, May 11 (RHC) The European Commission released a Spring projection report that revealed that the Gross Domestic Product in Spain will be reduced to 1.8 percent in 2012 and to .3 percent in 2013. The report also estimated that the Spanish deficit will rise to 6.4 percent this year, higher than previously projected. The report said that the Spanish economy will continue to be vulnerable due to its large disposition in the housing market, and the unemployment continues to be very high and will probably continue increasing.

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