Spain : 2013 Article IV Consultation

Publication Date: August 02, 2013
Electronic Access: Free Full text (PDF file size is 4,678KB).
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Summary: This 2013 Article IV Consultation highlights that the Spanish economy accumulated large imbalances during the long boom that ended with the global financial crisis. Unemployment soared, the fiscal position deteriorated sharply, and funding conditions tightened for both the public and private sectors. Key imbalances are correcting rapidly. Growth has been negative in the last seven quarters, unemployment has reached high levels, and financing conditions remain tight for small firms. The reform process has accelerated and deepened. Decisive reforms in the labor, financial, and fiscal sectors, in line with past IMF staff recommendations, is helping stabilize the economy.
Series: Country Report No. 13/244
Subject(s): Article IV consultation reports | Financial sector | Banks | Fiscal policy | Fiscal consolidation | Private sector | Debt reduction | Fiscal reforms | Labor market reforms | Debt sustainability analysis | Economic indicators | Staff Reports | Press releases | Spain

Publication Date: August 02, 2013
ISBN/ISSN: 9781484343180/1934-7685 Format: Paper
Stock No: 1ESPEA2013003 Pages: 66
US$18.00 (Academic Rate:
US$18.00 )
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