{
  "title": "Spain: 2007 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion",
  "publication": "IMF Staff Country Reports, May 18, 2007",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/spain-2007-article-iv-consultation-staff-report-staff-statement-and-public-information-20982",
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  "summary": "Spain’s 2007 Article IV Consultation underlies that immediate growth prospects are bright and the central scenario is for a smooth landing but with appreciable downside risks. The Spanish economy enjoyed another year of remarkable growth in 2006, further extending its prolonged expansion.",
  "publishDate": "2007-05-18",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview and central scenario",
      "content": "- Immediate growth prospects are bright.\n- The central scenario is for a smooth landing but with appreciable downside risks.\n- Publication date: May 18, 2007."
    },
    {
      "heading": "Growth performance and projection",
      "content": "- Output growth gathered pace in the course of 2006 to reach 3.9 percent for the year.\n- The Spanish economy enjoyed another year of remarkable growth in 2006, further extending its prolonged expansion."
    },
    {
      "heading": "Labor market and demographic factors",
      "content": "- Brisk job creation absorbed further increases in female participation and immigration."
    },
    {
      "heading": "Inflation and price developments",
      "content": "- Inflation moderated appreciably (as reported for the 2006 period)."
    },
    {
      "heading": "Risks and policy implications",
      "content": "- While near-term prospects are favorable, appreciable downside risks warrant vigilance.\n- Policy considerations implied by the assessment include monitoring vulnerability from downside scenarios and sustaining policies that support a smooth adjustment (policy recommendations summarized from the central assessment in the report)."
    },
    {
      "heading": "Thematic coverage (subjects and keywords as listed in the report)",
      "content": "- Subjects: Banking, Credit, Economic sectors, Expenditure, Financial sector, Fiscal policy, Fiscal stance, International trade, Money, Trade balance.\n- Keywords: Caribbean, correction construction sector, CR, Credit, Financial sector, Fiscal stance, Global, indebtedness, ISCR, revenue collection, revenue outturn, stock market turbulence, surplus, surplus target, Trade balance.\n\nSource: Spain: 2007 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion, May 18, 2007.\n\n---\n\n Content in this bundle\n\n- cr07175\n  - cr07175 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr07175 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/spain-2007-article-iv-consultation-staff-report-staff-statement-and-public-information-20982"
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    "Published: May 18, 2007",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451812275.002",
    "Immediate growth prospects are bright.",
    "The central scenario is for a smooth landing but with appreciable downside risks.",
    "Publication date: May 18, 2007.",
    "Output growth gathered pace in the course of 2006 to reach 3.9 percent for the year.",
    "The Spanish economy enjoyed another year of remarkable growth in 2006, further extending its prolonged expansion.",
    "Brisk job creation absorbed further increases in female participation and immigration.",
    "Inflation moderated appreciably (as reported for the 2006 period).",
    "While near-term prospects are favorable, appreciable downside risks warrant vigilance.",
    "Policy considerations implied by the assessment include monitoring vulnerability from downside scenarios and sustaining policies that support a smooth adjustment (policy recommendations summarized from the central assessment in the report).",
    "Subjects: Banking, Credit, Economic sectors, Expenditure, Financial sector, Fiscal policy, Fiscal stance, International trade, Money, Trade balance.",
    "Keywords: Caribbean, correction construction sector, CR, Credit, Financial sector, Fiscal stance, Global, indebtedness, ISCR, revenue collection, revenue outturn, stock market turbulence, surplus, surplus target, Trade balance.",
    "**_cr07175**"
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