Spain: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain
Electronic Access:
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Summary:
Spain’s economy has continued to grow strongly, reflecting its improved fundamentals. However, especially the young generation still faces daunting economic challenges. In the meantime, several downside risks are clouding the medium-term outlook. Externally, they comprise sudden changes in investors’ global risk appetite, escalating global protectionism, and weakening conditions in emerging economies. Domestically, they include pressure to reverse reforms, continued procyclical fiscal policy, and prolonged uncertainty related to Catalonia. These could hurt the economy particularly in an environment of high public debt and structural unemployment as well as sluggish productivity growth, which is set to slow Spain’s income convergence.
Series:
Country Report No. 2018/330
Subject:
Banking Income Labor Labor markets National accounts Public debt Wages
English
Publication Date:
November 21, 2018
ISBN/ISSN:
9781484385715/1934-7685
Stock No:
1ESPEA2018001
Pages:
82
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