Spain: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain

Publication Date:

January 19, 2023

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:

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