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Belgium has effected a remarkable fiscal adjustment, best illustrated by the decline in its public debt. While benefiting from an appreciable decline in interest rates, most of the underlying consolidation reflected a considerable increase in the tax burden, one of the highest in the...
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This Selected Issues paper focuses on labor productivity dynamics in Spain. Labor productivity has been a long …-standing structural challenge in Spain. Productivity performance has been weak across several dimensions: labor productivity levels are … productivity in Spain exhibited a counter-cyclical pattern driven by the large reduction in employment. Total factor productivity …
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This 2022 Article IV Consultation highlights that economic activity in Spain has remained resilient despite the new … risks materialize. Spain is making progress on its ambitious reform agenda and the execution of investments under the …
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This 2014 Article IV Consultation highlights that economic growth in Spain has resumed, and unemployment is falling …
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