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Spain

Daniel Bulin (daniel.bulin@yahoo.com)

Conjunctura economiei mondiale / World Economic Studies, 2016, 96-102

Abstract: 30 years after joining the European Union, Spain is in a phase of economic consolidation. A result of the successful reforms implemented after 2012, to which were added other positive factors - euro depreciation and the ECB's monetary policy, fiscal consolidation, low price of oil, Spain has managed in a short time its shift from crisis to the status of Euro zone performer. It should be noted that, in the past two years, Spain's economic growth was based both on domestic demand revival, closely linked to labor market recovery, as well as external demand, although to a lesser extent. Community specialists' analysis does not foresee major "surprises" in Spain's economy evolution for the next period, macroeconomic framework being characterized both, favorable aspects – robust economic growth by maintaining a sustainable growth rates of private consumption and investments, lowering the budget deficit, as well as unfavorable - still high unemployment, despite the recent evolutions, sovereign debt crisis, which seems endless. Also, it is pointed the moment of political uncertainty that could end with a new government formed after early elections that will take place in June.

Keywords: Spain; GDP; economic growth; domestic demand; elections; unemployment; public debt (search for similar items in EconPapers)
Date: 2016
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Journal Article: Spain (2017)
Journal Article: Spain (2015)
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Conjunctura economiei mondiale / World Economic Studies is currently edited by Simona Moagar Poladian, PhD

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