IMF Staff Country Reports

Spain: Staff Report for the 2001 Article IV Consultation

Publication Date:

March 13, 2002

Electronic Access:

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Summary:

This 2001 Article IV Consultation highlights that the economy of Spain grew by more than 4 percent annually during 1997–2000—reflecting strong consumption, competitive exports, wage moderation, and supply conditions enhanced by structural reforms. Annualized real GDP growth was about 2 percent in the third quarter of 2001, compared with 2.5 percent and 3 percent, respectively, in the second and first quarters. Industrial production has been decreasing during most of 2001, and in November stood about 1 percent lower than a year before.

Series:

Country Report No. 2002/053

Subject:

Banking Employment Labor Labor market reforms Labor markets Wages