Spain: Staff Report for the 2014 Article IV Consultation

International Monetary Fund

No 2014/192, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2014 Article IV Consultation highlights that economic growth in Spain has resumed, and unemployment is falling. Exporters are gaining market share, and the current account is in surplus for the first time in decades. Financial conditions have improved sharply, with sovereign yields at record lows. Business investment is rebounding strongly and private consumption has also started to recover owing to improved employment prospects and rising confidence. Executive Directors have welcomed the improving Spanish economy. They have stressed that labor market reform should be accompanied by product and service market liberalization to maximize the gains to growth and jobs.

Keywords: ISCR; CR; government tax Reform Proposa; government Tax Reform Proposal; rate; government; vis nonresident; increase VAT; trend productivity growth; committee's recommendation; Employment; Unemployment; Labor markets; Wages; Corporate income tax; Europe; Global (search for similar items in EconPapers)
Pages: 78
Date: 2014-07-10
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