Spain’s economic outlook improving, says Moody’s

Ratings agency Moody’s has raised its outlook for Spain’s economy from "negative" to "stable". Moody’s said there had been a real improvement in the economy and government finances.Last week, the Standard and Poor’s ratings firms also raised its outlook for Spain on signs of economic improvement.Debt-laden Spain has emerged from a two-year recession, with export growth and companies becoming more confident.But unemployment remains high, at 26%, and economic growth is expected to be shallow.