 SpainConjunctura economiei mondiale / World Economic Studies, 2012 Abstract: The Spanish economy improved slightly during 2011 however the real growth rate of GDP remained well below the minimum threshold of 2%, which could anticipate a durable recovery. The extensive process of structural reforms implemented by the government in 2010-2011 did not generate the expected effects, and after the early elections in November 2011, a Conservative Government, center-right oriented, succeeded the center-left Government. Nevertheless the new Government, relying on major reforms, further austerity and a strict control of deficits, failed to avoid the economy reentry into recession. Internal factors, such as high level of indebtedness of companies and households, difficult access to credit, rising unemployment, were overlapped by external adverse conditions, which made the end of recession not foreseeable until 2014. Keywords: Spain; macroeconomic indicators; economic growth; inflation; unemployment; general government net lending/borrowing; gross debt; structural weaknesses; reforms (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2012:id:2822000009571007 Access Statistics for this article Conjunctura economiei mondiale / World Economic Studies is currently edited by Simona Moagar Poladian, PhD More articles in Conjunctura economiei mondiale / World Economic Studies from Institute for World Economy, Romanian Academy Contact information at EDIRC. |
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