{
  "title": "Spain: Staff Report for the 2003 Article IV Consultation",
  "publication": "IMF Staff Country Reports, April 2, 2004",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/spain-staff-report-for-the-2003-article-iv-consultation-17294",
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  "summary": "Although not escaping the global slowdown, the Spanish economy has weathered it relatively well. The discussions focused on minimizing short-term risks and on identifying the structural reform priorities for the next government.",
  "sections": [
    {
      "heading": "Executive summary and context",
      "content": "- Publication date: April 2, 2004\n- Main finding: Although not escaping the global slowdown, the Spanish economy has weathered it relatively well.\n- Focus of discussions:\n  - Minimizing short-term risks.\n  - Identifying structural reform priorities for the next government.\n  - Issues of fiscal policy implementation."
    },
    {
      "heading": "Key economic findings",
      "content": "- Household indebtedness:\n  - Has continued to rise rapidly, recently surpassing the EU average.\n  - Authorities viewed the related risks to growth as contained.\n- Labor market:\n  - Unemployment has been halved since the mid-1990s, but remains high.\n  - A number of labor market rigidities persist.\n- Other macroeconomic areas discussed:\n  - Banking\n  - Housing prices\n  - Inflation\n  - Prices\n  - Public debt\n  - Social security contributions\n  - Taxes"
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subject: Banking, Employment, Housing prices, Inflation, Labor, Prices, Public debt, Social security contributions, Taxes\n- Keywords: CR, demand, demand growth, Employment, employment growth, employment rate, euro, Europe, fund staff projection, Global, Housing prices, Inflation, ISCR, labor market weakness, market participant, mortgage credit, Social security contributions\n\n---\n\n Content in this bundle\n\n- cr0489\n  - cr0489 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0489 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 2, 2004",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451812060.002",
    "Publication date: April 2, 2004",
    "Main finding: Although not escaping the global slowdown, the Spanish economy has weathered it relatively well.",
    "Focus of discussions:",
    "Household indebtedness:",
    "Other macroeconomic areas discussed:",
    "Subject: Banking, Employment, Housing prices, Inflation, Labor, Prices, Public debt, Social security contributions, Taxes",
    "Keywords: CR, demand, demand growth, Employment, employment growth, employment rate, euro, Europe, fund staff projection, Global, Housing prices, Inflation, ISCR, labor market weakness, market participant, mortgage credit, Social security contributions",
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