Spain: Staff Report for the 2014 Article IV Consultation

July 10, 2014

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Spain: Staff Report for the 2014 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed September 18, 2024

Summary

This 2014 Article IV Consultation highlights that economic growth in Spain has resumed, and unemployment is falling. Exporters are gaining market share, and the current account is in surplus for the first time in decades. Financial conditions have improved sharply, with sovereign yields at record lows. Business investment is rebounding strongly and private consumption has also started to recover owing to improved employment prospects and rising confidence. Executive Directors have welcomed the improving Spanish economy. They have stressed that labor market reform should be accompanied by product and service market liberalization to maximize the gains to growth and jobs.

Subject: Corporate income tax, Employment, Labor, Labor markets, Taxes, Unemployment, Wages

Keywords: Committee's recommendation, Corporate income tax, CR, Employment, Europe, Global, Government, Government tax Reform Proposa, Government Tax Reform Proposal, Increase VAT, ISCR, Labor markets, Rate, Trend productivity growth, Unemployment, Vis nonresident, Wages

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/192
Stock No:

1ESPEA2014002
ISBN:

9781498348157
ISSN:

1934-7685

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