Spain : Staff Report for the 2002 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

February 28, 2003

Electronic Access:

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Summary:

This 2002 Article IV Consultation highlights that Spain experienced a second year of subdued growth in 2002—albeit at a rate still well above the euro area average. This was largely owing to the relative resilience of Spain’s domestic demand, which in turn was supported by a comparatively stronger showing of investment, sustained by booming construction activity and a continued public infrastructure effort. After having been the mainstay of the earlier upswing, private consumption lost momentum, as households coped with rising inflation and higher indebtedness.

Series:

Country Report No. 03/40

Subject:

English

Publication Date:

February 28, 2003

ISBN/ISSN:

9781451812053/1934-7685

Stock No:

1ESPEA0012003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

56

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