Spain : Staff Report for the 2003 Article IV Consultation

1ESPEA0012004 Image
Price:  $15.00

Release Date: © April, 2004
ISBN : 978-1-45181-206-0
Stock #: 1ESPEA0012004
English
Stock Status: On back-order

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Description

Although not escaping the global slowdown, the Spanish economy has weathered it relatively well. The discussions focused on minimizing short-term risks and on identifying the structural reform priorities for the next government. However, household indebtedness has continued to rise rapidly, recently surpassing the EU average; the authorities viewed the related risks to growth as contained. The discussions also centered on issues of fiscal policy implementation. Although unemployment has been halved since the mid-1990s, it remains high and a number of rigidities persist.




More publications in this series: IMF Staff Country Reports