Spain Staff Report for the 2002 Article IV Consultation
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 stron...
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| Format: | eBook |
| Language: | English |
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Washington, D.C.
International Monetary Fund
2003
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| Series: | IMF Staff Country Reports
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| Collection: | International Monetary Fund - Collection details see MPG.ReNa |
| 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 |
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| Physical Description: | 56 pages |
| ISBN: | 9781451812053 |