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Spain : 2018 Article IV Consultation
Press Release; Staff Report; and Statement by the Executive Director for Spain

Series:Country Report No. 18/330
ISBN 9781484385715
Code: #1ESPEA2018001

Publication year: 2018

Cdn: $23.50; US: $18.00
Language: English
82 pages
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Spain’s economy has continued to grow strongly, reflecting its improved fundamentals. However, especially the young generation still faces daunting economic challenges. In the meantime, several downside risks are clouding the medium-term outlook. Externally, they comprise sudden changes in investors’ global risk appetite, escalating global protectionism, and weakening conditions in emerging economies. Domestically, they include pressure to reverse reforms, continued procyclical fiscal policy, and prolonged uncertainty related to Catalonia. These could hurt the economy particularly in an environment of high public debt and structural unemployment as well as sluggish productivity growth, which is set to slow Spain’s income convergence.
Spain : 2018 Article IV Consultation
Cdn: $23.50; US: $18.00
International Monetary Fund (IMF) BookID: 123943 Added: 2018.12.2