Spain: Staff Report for the 2003 Article IV Consultation
Electronic Access:
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Summary:
Although not escaping the global slowdown, the Spanish economy has weathered it relatively well. The discussions focused on minimizing short-term risks and on identifying the structural reform priorities for the next government. However, household indebtedness has continued to rise rapidly, recently surpassing the EU average; the authorities viewed the related risks to growth as contained. The discussions also centered on issues of fiscal policy implementation. Although unemployment has been halved since the mid-1990s, it remains high and a number of rigidities persist.
Series:
Country Report No. 2004/089
Subject:
Banking Employment Housing prices Inflation Labor Prices Public debt Social security contributions Taxes
English
Publication Date:
April 2, 2004
ISBN/ISSN:
9781451812060/1934-7685
Stock No:
1ESPEA0012004
Pages:
58
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