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IMF lowers Spain growth forecast, warns of 'fragile' rebound (AFP)

People hold Union flags during a demonstration to protest the government austerity cuts in Madrid in June 2010. The IMF on Friday lowered its 2011 growth forecast for the Spanish economy to 0.6 percent from the 0.9 percent it foresaw in April and warned the recovery AFP - The IMF on Friday lowered its 2011 growth forecast for the Spanish economy to 0.6 percent from the 0.9 percent it foresaw in April and warned the recovery "is likely to be weak and fragile."