Spain : Selected Issues

1ESPEA2009002 Image
Price:  $18.00

Release Date: © April, 2009
ISBN : 978-1-45181-229-9
Stock #: 1ESPEA2009002
English
Stock Status: On back-order

Languages and formats available

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PaperbackYes
ePubYes
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Description

Spain’s housing boom was supported by rapid economic expansion, strong employment growth, an immigration boom, and low real interest rates. With the abrupt drying up of funding since mid-2007, these factors have eroded quickly. Through 2010, employment and value added in construction are projected to halve as peak housing starts are completed. The authorities have launched efforts to help limit foreclosures and to activate the underdeveloped rental market. In the medium term, housing market cyclicality could be reduced by fading out generous home ownership incentives.

Taxonomy

Economic policy , Fiscal policy




More publications in this series: IMF Staff Country Reports