Spain: Staff Report for the 2000 Article IV Consultation

November 16, 2000

Preview Citation

Format: Chicago

Spain: Staff Report for the 2000 Article IV Consultation, (USA: International Monetary Fund, 2000) accessed December 23, 2024

Summary

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.

Subject: Banking, Employment, Fiscal consolidation, Fiscal policy, Labor, Labor markets

Keywords: Authority, Consumer price inflation, CR, Deficit, Employment, Europe, Fiscal consolidation, Government, Headline consumer price inflation, ISCR, Labor markets, Policy advice, Price, Producer price inflation, Revenue growth

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2000/151
Stock No:

1ESPEA0012000
ISBN:

9781451812039
ISSN:

1934-7685

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