Spain 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion

This 2008 Article IV Consultation highlights that after 15 years of impressive growth led by a housing boom, the Spanish economy has entered a sharp downturn in the wake of the global liquidity squeeze since mid-2007. Executive Directors have commended the authorities for their timely and substantia...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2009
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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260 |a Washington, D.C.  |b International Monetary Fund  |c 2009 
300 |a 59 pages 
651 4 |a Spain 
653 |a Fiscal stance 
653 |a Credit 
653 |a Real Estate 
653 |a Banks 
653 |a Finance 
653 |a Banks and banking 
653 |a Fiscal Policy 
653 |a Housing 
653 |a Competition 
653 |a Mortgages 
653 |a National accounts 
653 |a Money 
653 |a Labor 
653 |a Property & real estate 
653 |a Macroeconomics 
653 |a Banking 
653 |a Income economics 
653 |a Foreign exchange 
653 |a Depository Institutions 
653 |a Labour 
653 |a Infrastructure 
653 |a Monetary economics 
653 |a Economic Development: Urban, Rural, Regional, and Transportation Analysis 
653 |a Housing Supply and Markets 
653 |a Micro Finance Institutions 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Currency 
653 |a Fiscal policy 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a Saving and investment 
653 |a Banks and Banking 
653 |a Labor Economics: General 
653 |a Prices 
653 |a Money and Monetary Policy 
653 |a Finance: General 
653 |a Housing prices 
653 |a Labor economics 
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520 |a This 2008 Article IV Consultation highlights that after 15 years of impressive growth led by a housing boom, the Spanish economy has entered a sharp downturn in the wake of the global liquidity squeeze since mid-2007. Executive Directors have commended the authorities for their timely and substantial fiscal and financial sector responses to help cushion the downturn. They have emphasized that these efforts need to be complemented by reforms to bolster competitiveness and to avoid a prolonged period of slow growth and high unemployment