Spain: Staff Report for the 2004 Article IV Consultation

February 17, 2005

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Spain: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed December 12, 2024

Summary

This 2004 Article IV Consultation highlights that with growth proceeding at a steady pace of 2.6 percent during 2004, the Spanish economy has weathered the slowdown in the European Union relatively well. The external current account is estimated to have widened to some 4¼ percent of GDP in the first half of 2004. A gradual, but sustained recovery is expected, with GDP growth projected at 2.7 percent in 2005—again based on the strength of domestic demand, with a continued negative contribution of net exports.

Subject: Banking, Employment, Housing prices, Inflation, Labor, Prices, Public debt

Keywords: CR, Economy, Employment, Europe, Exchange rate, Fund staff projection, GDP deflator, Government, Housing prices, IMF staff, Inflation, ISCR, Labor market, Policy, Surplus, Territorial authorities

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/056
Stock No:

1ESPEA2005001
ISBN:

9781451812114
ISSN:

1934-7685

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