Spain: 2025 Article IV Consultation-Press Release; and Staff Report

International Monetary Fund

No 2025/121, IMF Staff Country Reports from International Monetary Fund

Abstract: The Spanish economy has been performing strongly, propelled by services exports and labor force growth, including immigration. Growth is projected to reach2.5 percent in 2025, before slowing as its recent drivers normalize. The disinflation process is expected to continue, with headline and core converging close to the ECB’s target by end-2025. Most risks are to the downside, including from a further escalation of trade measures and domestic political fragmentation.

Keywords: article IV consultation discussion; headline inflation; gap vis-à-vis; IMF staff estimate; productivity-enhancing reform; Labor markets; Global; Europe (search for similar items in EconPapers)
Pages: 86
Date: 2025-06-06
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