Spain IMF Staff Concluding Statement of the 2017 Article IV Mission

Spain’s economic recovery remains strong, with consumption, investment, and net exports all contributing to a more balanced growth pattern. A shift in resources toward Spain’s competitive export sector, with the services sector creating most new jobs, has played an important part in the rebound. Banking sector balance sheets are stronger, private sector debt is coming down, and credit availability is improving.

Post-Programme Surveillance Report Spain, Spring 2017

Spain's real GDP growth is expected to remain robust this year and the next. In 2016, economic activity expanded strongly, by 3.2%, the same rate as in the previous year and well above the euro area average. Domestic demand, and especially private consumption, remained the main driver of growth, but net exports also contributed. Growth was underpinned by favourable external and financing conditions and strong job creation, in turn supported by continued wage moderation and past reforms.

Reflection Paper on the Deepening of the Economic and Monetary Union

Drawing on the lessons of the past fifteen yerar, the European Commission proposes to move forward the EU and the Euro area in two steps.

Council opinion on the 2017 Stability Programme of Spain

Recommendation for a Council recommendation on the 2017 National Reform Programme of Spain and delivering a Council opinion on the 2017 Stability Programme of Spain

Royal Decree-Law 4/2017 liberalizing port cargo systems fails to get approval from the Parliament

The majority of the Parliament voted against the Royal Decree and this renders the Royal Decree as invalid and without any legal standing.

Royal Decree-Law 4/2017 that modifies the regulation of port cargo handling

Royal Decree-Law 4/2017 of February 24, that modifies the regulation of workers that provide port cargo handling services and operations in order to comply with the judgment of the Court of Justice of the European Union of December 11th 2014, in case C-576/13 (infringement proceedings 2009/4052).

2017 Spain Country Report

The Spanish economy continues to enjoy a strong recovery and is moving towards a more balanced composition of growth than before the crisis. The recovery was initially led by exports, helped by a reversal of the cost-competitiveness losses accumulated in the pre-crisis years. It then gradually broadened to the domestic sector. Since 2015, high job creation, low oil prices and improving financing conditions have boosted consumer spending. Investment in equipment has also been growing strongly, while investment in construction has started to recover. The current-account balance maintains a surplus position. Although unemployment has been falling rapidly, it remains very high, and both poverty and income inequality are among the highest in the EU. Spain’s ambitious structural reforms in recent years laid the ground for the strong economic recovery, but favourable conditions also helped.

Panels of Experts on local and regional financing

The Government sets up two panels of experts in charge of examining and drafting a white paper on the system that regulates the financing of regional and local governments.

Panel of experts on the system for people with disabilities

The Government creates a panel of experts in charge of examining and drafting a white paper on the state of the public system that takes care of people with disabilities.

Royal Decree to implement the desindexation of public goods and services

The Royal Decree provides the required regulation so that Law 2/2015 enters into force.
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Country Report Spain 2015

This Country Report assesses Spain's economy against the background of the Commission's Annual Growth Survey which recommends three main pillars for the EU's economic and social policy in 2015: investment, structural reforms, and fiscal...