IMF Staff Country Reports

Spain: Selected Issues

Publication Date:

July 10, 2014

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2014/193

Subject:

Asset and liability management Banking Debt restructuring Financial sector policy and analysis Potential output Production Productivity Social security contributions Solvency Taxes

Notes: