Spain: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain

International Monetary Fund

No 2020/298, IMF Staff Country Reports from International Monetary Fund

Abstract: 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. It will take several years for the economy to recover, and the outlook is subject to strong downside risks.

Keywords: ISCR; CR; GDP outturn; draft budget law; staff assumption; vis nonresident; staff appraisal; COVID-19; Income; Loans; Global; Europe (search for similar items in EconPapers)
Pages: 94
Date: 2020-11-13
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