{
  "title": "Spain: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain",
  "publication": "IMF Staff Country Reports, November 13, 2020",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2020/11/12/spain-2020-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-49883",
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  "summary": "COVID-19 impact. The pandemic has hit Spain’s society and economy severely following five years of strong job-rich growth. A large service sector dominated by SMEs, importance of tourism, and widespread use of temporary employment make the economy particularly vulnerable to the health crisis.",
  "sections": [
    {
      "heading": "COVID-19 impact and macroeconomic outlook",
      "content": "- The pandemic has hit Spain’s society and economy severely following five years of strong job-rich growth.\n- Economy particularly vulnerable because of:\n  - A large service sector dominated by SMEs.\n  - Importance of tourism.\n  - Widespread use of temporary employment.\n- Recovery expectations and risks:\n  - It will take several years for the economy to recover.\n  - The outlook is subject to strong downside risks."
    },
    {
      "heading": "Key findings and themes (as summarized)",
      "content": "- Severe social and economic impact from COVID-19 after a period of strong job-rich growth.\n- Structural features amplify vulnerability: SME-dominated services, tourism reliance, temporary employment prevalence.\n- Extended recovery horizon implied; downside risk prominent."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Publication date: November 13, 2020\n- Pages: 94\n- Volume: 192020\n- Issue: 298\n- Series: Country Report No. 2020/298\n- DOI: https://doi.org/10.5089/9781513561004.002\n- Stock No: 1ESPEA2020001\n- ISBN: 9781513561004\n- ISSN: 1934-7685"
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: COVID-19, Financial institutions, Health, Income, Labor, Loan guarantees, Loans, National accounts, Public debt\n- Keywords: COVID-19, CR, draft budget law, Europe, GDP outturn, Global, Income, ISCR, Loans, staff appraisal, staff assumption, vis nonresident\n\nSource: Spain: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain (IMF Staff Country Reports 2020, 298).\n\n---\n\n Content in this bundle\n\n- 1espea2020001\n  - 1espea2020001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1espea2020001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 13, 2020",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513561004.002",
    "The pandemic has hit Spain’s society and economy severely following five years of strong job-rich growth.",
    "Economy particularly vulnerable because of:",
    "Recovery expectations and risks:",
    "Severe social and economic impact from COVID-19 after a period of strong job-rich growth.",
    "Structural features amplify vulnerability: SME-dominated services, tourism reliance, temporary employment prevalence.",
    "Extended recovery horizon implied; downside risk prominent.",
    "Publication date: November 13, 2020",
    "Pages: 94",
    "Volume: 192020",
    "Issue: 298",
    "Series: Country Report No. 2020/298",
    "DOI: https://doi.org/10.5089/9781513561004.002",
    "Stock No: 1ESPEA2020001",
    "ISBN: 9781513561004",
    "ISSN: 1934-7685",
    "Subject: COVID-19, Financial institutions, Health, Income, Labor, Loan guarantees, Loans, National accounts, Public debt",
    "Keywords: COVID-19, CR, draft budget law, Europe, GDP outturn, Global, Income, ISCR, Loans, staff appraisal, staff assumption, vis nonresident",
    "**1espea2020001**"
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