Spain: Staff Report for the 2012 Article IV Consultation

July 27, 2012

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Spain: Staff Report for the 2012 Article IV Consultation, (USA: International Monetary Fund, 2012) accessed December 22, 2024

Summary

The Spanish economy suffered an unprecedented double-dip recession with the rising unemployment and public debt situation. Spain also suffered a reversal of private external financing flows in 2011 and 2012. To counter this situation, major policy actions have been taken in the banking sector. The fiscal framework has been improved, and a scheme for clearing subnational arrears has been established. The Executive Board emphasized the need for sustained efforts and a medium-term strategy for structural reforms and financial sector restructuring.

Subject: Banking, Employment, Fiscal consolidation, Labor, Labor markets, Public debt, Wages

Keywords: Analysis of the well, Article IV report, Bank, CR, Deficit, Employment, Europe, Global, Government, ISCR, Labor markets, Liability positions vis, Spanish authorities, Staff, Staff's appraisal, Vis nonresident, Wages

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/202
Stock No:

1ESPEA2012010
ISBN:

9781475505818
ISSN:

1934-7685

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