Spain

Spain PDF
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
Category : Business & Economics
Languages : en
Pages : 73
View: 7775

Get Book

Book Description:
This Selected Issues paper analyzes Spain’s sustainable growth rate. It sheds some light on Spain’s medium-term growth prospects by looking into the key factors driving potential growth, both in the past and likely in the future, and international experience of countries in the aftermath of financial crisis. The paper suggests Spain is likely to face a long period of moderate growth (about 11⁄2–2 percent) and high unemployment, but policy action—especially that directed toward reducing structural unemployment and raising productivity—could lead to much better outcomes.


Spain

Spain PDF
Author: International Monetary Fund
Publisher: International Monetary Fund
Category : Business & Economics
Languages : en
Pages : 113
View: 4676

Get Book

Book Description:
Rebalancing in Spain’s private sector is under way, but with more modest progress on reducing stocks. Spain is subject to significant spending pressures, reflecting unfavorable demographic trends and subdued growth prospects, and will require substantial structural reform. Priority reforms are needed to strengthen its fiscal framework. The study tries to infer the potential impact of the ongoing integration process on bank efficiency based on preconsolidation bank data. The reforms, such as those recently implemented, of employment protection and collective bargaining could help improve Spain’s inflation performance.