Spain: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This 2008 Article IV Consultation highlights that after 15 years of impressive growth led by a housing boom, the Spanish economy has entered a sharp downturn in the wake of the global liquidity squeeze since mid-2007. Executive Directors have commended the authorities for their timely and substantial fiscal and financial sector responses to help cushion the downturn. They have emphasized that these efforts need to be complemented by reforms to bolster competitiveness and to avoid a prolonged period of slow growth and high unemployment.
Series:
Country Report No. 2009/128
Subject:
Banking Competition Credit Fiscal policy Fiscal stance Housing Housing prices Labor Money National accounts Prices
English
Publication Date:
April 22, 2009
ISBN/ISSN:
9781451812282/1934-7685
Stock No:
1ESPEA2009001
Pages:
59
Please address any questions about this title to publications@imf.org