Spain: Recent Economic Developments and Selected Issues

International Monetary Fund

No 1997/039, IMF Staff Country Reports from International Monetary Fund

Abstract: This Recent Economic Developments and Selected Issues paper highlights that after several years of relatively buoyant growth, Spain’s economy went into recession in late 1992 and through 1993, but recovered rapidly in 1994 and early 1995. Toward the end of 1995, there was a renewed slowdown, though less marked than in other European countries, followed by a gradual acceleration during 1996. Over the three-year period 1994–96, GDP growth averaged 2.4 percent a year. The employment growth picked up relatively strongly in 1995 and 1996.

Keywords: ISCR; CR; government; firm; inflation targeting approach; Maastricht inflation criterion; government company; Retevisión SA; regime region; Personal income tax; Inflation targeting; Inflation; Total expenditures; Europe; North Africa; Maghreb (search for similar items in EconPapers)
Pages: 102
Date: 1997-05-27
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1997/039

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