Spain : Staff Report for the 2002 Article IV Consultation

1ESPEA0012003 Image
Price:  $15.00

Release Date: © February, 2003
ISBN : 978-1-45181-205-3
Stock #: 1ESPEA0012003
Stock Status: On back-order

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This 2002 Article IV Consultation highlights that Spain experienced a second year of subdued growth in 2002—albeit at a rate still well above the euro area average. This was largely owing to the relative resilience of Spain’s domestic demand, which in turn was supported by a comparatively stronger showing of investment, sustained by booming construction activity and a continued public infrastructure effort. After having been the mainstay of the earlier upswing, private consumption lost momentum, as households coped with rising inflation and higher indebtedness.

More publications in this series: IMF Staff Country Reports