Spain: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Two years after the pandemic, the Spanish economy is facing new headwinds from Russia’s invasion of Ukraine. Activity has been resilient so far, supported by a strong rebound in tourism and other services and timely policy support measures. However, elevated global energy and food prices, lower trading partners’ demand, deteriorating consumer and business confidence, and rising interest rates have slowed the recovery of output. Growth is projected to moderate to 1.1 percent in 2023. Risks to the outlook include tighter-than-expected financial conditions, weaker global demand, and further increases in European energy prices.
Series:
Country Report No. 2023/033
Subject:
International organization Monetary policy
Frequency:
regular
English
Publication Date:
January 19, 2023
ISBN/ISSN:
9798400230622/1934-7685
Stock No:
1ESPEA2023001
Pages:
91
Please address any questions about this title to publications@imf.org