IMF Staff Country Reports

Spain: Staff Report for the 2011 Article IV Consultation; Public Information Notice; Statement by the Staff Representative; and Statement by the Executive Director for Spain.

July 29, 2011

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Spain: Staff Report for the 2011 Article IV Consultation; Public Information Notice; Statement by the Staff Representative; and Statement by the Executive Director for Spain., (USA: International Monetary Fund, 2011) accessed September 19, 2024

Summary

A decade of strong expansion in the Spanish economy led by a credit-fueled housing boom was hit by three major shocks. The policy response to Spain’s economic challenges has been strong and wide-ranging, helping to strengthen market confidence. A decisive implementation of the envisaged financial sector reform strategy would help allay lingering market concerns. A bold strengthening of labor market reforms is needed to substantially reduce unacceptably high unemployment. Further progress needs to be made on enhancing competition in nontradable sectors.

Subject: Banking, Employment, Housing prices, Labor, Labor markets, Public debt, Unemployment

Keywords: Capital, CR, Employment, Europe, Financial market spillover, FROB capital backstop, Global, ISCR, Labor markets, Market discipline, Private sector savings-investment balance, Spain, Unemployment, Vis nonresident

Publication Details

  • Pages:

    69

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2011/215

  • Stock No:

    1ESPEA2011001

  • ISBN:

    9781462340552

  • ISSN:

    1934-7685