Cover IMF Staff Country Reports
Spain: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain
Author:
International Monetary Fund. European Dept.
Search for other papers by International Monetary Fund. European Dept. in
Current site
Google Scholar
PubMedClose
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2023: Issue 033
Language:
English
Publication Date:
19 Jan 2023
DOI:
https://doi.org/10.5089/9798400230622.002
ISBN:
9798400230622
ISSN:
1934-7685
Pages:
91
Keywords:
December CPI flash estimate; vis nonresident; headline CPI; staff report projection; money market rate; Inflation; Energy prices; Labor markets; Labor market reforms; Income; Global; Europe
Download PDF (2.4 MB) Download Epub
Two years after the pandemic, the Spanish economy is facing new headwinds from Russia’s invasion of Ukraine. Activity has been resilient so far, supported by a strong rebound in tourism and other services and timely policy support measures. However, elevated global energy and food prices, lower trading partners’ demand, deteriorating consumer and business confidence, and rising interest rates have slowed the recovery of output. Growth is projected to moderate to 1.1 percent in 2023. Risks to the outlook include tighter-than-expected financial conditions, weaker global demand, and further increases in European energy prices.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2023: Issue 033