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150128 ||| eng |
020 |
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|a 9781451812060
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245 |
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|a Spain
|b Staff Report for the 2003 Article IV Consultation
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2004
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300 |
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|a 58 pages
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710 |
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|a International Monetary Fund
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a IMF Staff Country Reports
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|a 10.5089/9781451812060.002
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|u http://elibrary.imf.org/view/journals/002/2004/089/002.2004.issue-089-en.xml
|x Verlag
|3 Volltext
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|a 330
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|a Although not escaping the global slowdown, the Spanish economy has weathered it relatively well. The discussions focused on minimizing short-term risks and on identifying the structural reform priorities for the next government. However, household indebtedness has continued to rise rapidly, recently surpassing the EU average; the authorities viewed the related risks to growth as contained. The discussions also centered on issues of fiscal policy implementation. Although unemployment has been halved since the mid-1990s, it remains high and a number of rigidities persist
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