Spain: Staff Report for the 2000 Article IV Consultation

International Monetary Fund

No 2000/151, IMF Staff Country Reports from International Monetary Fund

Abstract: Spain has achieved impressive growth in recent years—reflecting favorable competitiveness, and the impact on interest rates and confidence of its successful road to monetary union. Despite several years of rapid growth, there are no unambiguous signs of overheating. Underlying inflation has varied within a range of 2 percent and 2.5 percent on a 12-month basis since January 1997, but has exceeded the euro area average. Three years of steeply falling unemployment have yet to trigger a material acceleration of labor costs.

Keywords: ISCR; CR; producer price inflation; government; price; authority; deficit; consumer price inflation; headline consumer price inflation; policy advice; revenue growth; Employment; Labor markets; Fiscal consolidation; Europe (search for similar items in EconPapers)
Pages: 57
Date: 2000-11-16
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Citations: View citations in EconPapers (14)

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