Spain: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain
IMF Staff Country Reports, October 6, 2017
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- Spain: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain
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Bibliographic details
- Published: October 6, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484323632.002
Growth, recent performance, and projections
- Continued strong, balanced, and employment-intensive expansion during the first half of 2017.
- Recovery reached a significant milestone when real GDP surpassed its precrisis peak.
- The economy grew by 3.3 percent in 2016.
- The economy is expected to expand by 3.1 percent in 2017.
- Economic activity is projected to moderate to 2.5 percent in 2018 in the absence of any major boost in productivity growth.
- Timing references: first half of 2017; projections for 2017 and 2018.
Key drivers of the recovery
- Past structural reforms.
- Wage moderation and resulting cost competitiveness gains.
- Favorable monetary and external conditions.
- Fiscal relaxation.
Banking system and financial sector assessment
- The banking system has become more resilient since the last Financial Stability Assessment Program.
- Subject tags in the source include: Banking, Financial Sector Assessment Program, Financial sector policy and analysis, banking system profitability.
Risks and conditional factors
- Some external tailwinds are dissipating.
- Moderation to 2.5 percent in 2018 is conditional on the absence of any major boost in productivity growth.
Publication and metadata (as reported)
- Pages: 82
- Volume: 2017
- Issue: 319
- Series: Country Report No. 2017/319
- Stock No: 1ESPEA2017003
- ISBN: 9781484323632
- ISSN: 1934-7685
- DOI: https://doi.org/10.5089/9781484323632.002
- Publication date on landing page: October 6, 2017
International Monetary Fund. Spain: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain (Country Report No. 2017/319).
Content in this bundle
- Country Report