IMF Staff Country Reports

Spain: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain

January 19, 2023

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Spain: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain, (USA: International Monetary Fund, 2023) accessed September 19, 2024

Summary

Two years after the pandemic, the Spanish economy is facing new headwinds from Russia’s invasion of Ukraine. Activity has been resilient so far, supported by a strong rebound in tourism and other services and timely policy support measures. However, elevated global energy and food prices, lower trading partners’ demand, deteriorating consumer and business confidence, and rising interest rates have slowed the recovery of output. Growth is projected to moderate to 1.1 percent in 2023. Risks to the outlook include tighter-than-expected financial conditions, weaker global demand, and further increases in European energy prices.

Subject: International organization, Monetary policy

Publication Details

  • Pages:

    91

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2023/033

  • Stock No:

    1ESPEA2023001

  • ISBN:

    9798400230622

  • ISSN:

    1934-7685