Buch(elektronisch)2014

Spain

In: IMF Staff Country Reports v.Country Report No. 14/192

European Dept., International Monetary Fund

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Abstract

This 2014 Article IV Consultation highlights that economic growth in Spain has resumed, and unemployment is falling. Exporters are gaining market share, and the current account is in surplus for the first time in decades. Financial conditions have improved sharply, with sovereign yields at record lows. Business investment is rebounding strongly and private consumption has also started to recover owing to improved employment prospects and rising confidence. Executive Directors have welcomed the improving Spanish economy. They have stressed that labor market reform should be accompanied by produ

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Buch(elektronisch)#12014

Spain

In: IMF Staff Country Reports v.Country Report No. 14/193

European Dept., International Monetary Fund

This Selected Issues paper analyzes Spain''s sustainable growth rate. It sheds some light on Spain''s medium-term growth prospects by looking into the key factors driving potential growth, both in the past and likely in the future, and international experience of countries in the aftermath of financial crisis. The paper suggests Spain is likely to face a long period of moderate growth (about 1½–2 percent) and high unemployment, but policy action—especially that directed toward reducing structural unemployment and raising productivity—could lead to much better outcomes