Spain: Staff Report for the 2002 Article IV Consultation

February 28, 2003

Preview Citation

Format: Chicago

Spain: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed November 22, 2024

Summary

This 2002 Article IV Consultation highlights that Spain experienced a second year of subdued growth in 2002—albeit at a rate still well above the euro area average. This was largely owing to the relative resilience of Spain’s domestic demand, which in turn was supported by a comparatively stronger showing of investment, sustained by booming construction activity and a continued public infrastructure effort. After having been the mainstay of the earlier upswing, private consumption lost momentum, as households coped with rising inflation and higher indebtedness.

Subject: Competition, Financial markets, Fiscal policy, Fiscal stance, Inflation, Prices, Public debt

Keywords: Banking sector, Collective bargaining system, Competition, CR, Director, Doha round, Europe, Exchange rate, Firm, Fiscal policy, Fiscal stance, GDP deflator, Global, Government, Income level, Inflation, ISCR, Labor market

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/040
Stock No:

1ESPEA0012003
ISBN:

9781451812053
ISSN:

1934-7685

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