Spain: Financial Sector Assessment Program-Technical Note on Systemic Risk Analysis

Publication Date:

August 1, 2024

Electronic Access:

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Summary:

Spain’s economy and its well-developed, bank-dominated financial system have shown resilience through the pandemic, rising global geo-political tensions and tighter financial conditions. The economy remains near potential and growth is projected to continue its robust performance in the coming quarters. The long running trend of deleveraging by households (HHs) and nonfinancial corporates (NFCs) continues, activity is cooling and very moderate overvaluation receding in the housing market, commercial real estate valuations remain below pre-pandemic levels, and foreign investments in the real estate market are on the rise.

Series:

Country Report No. 2024/259

Subject:

Frequency:

regular

English

Publication Date:

August 1, 2024

ISBN/ISSN:

9798400284342/1934-7685

Stock No:

1ESPEA2024004

Format:

Paper

Pages:

103

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