Spain: Staff Report for the 2002 Article IV Consultation
Electronic Access:
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Summary:
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.
Series:
Country Report No. 2003/040
Subject:
Competition Financial markets Fiscal policy Fiscal stance Inflation Prices Public debt
English
Publication Date:
February 28, 2003
ISBN/ISSN:
9781451812053/1934-7685
Stock No:
1ESPEA0012003
Pages:
56
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