-
This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.The economic situation and policies of the Spain were reviewed by the Committee on 19 January 2017. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 30 January 2017.The Secretariat’s draft report was prepared for the Committee by Aida Caldera Sánchez, David Haugh, Yosuke Jin and Pilar García Perea under the supervision of Pierre Beynet. Müge Adalet McGowan and Dan Andrews also contributed. Research assistance was provided by Gabor Fulop and secretarial assistance was provided by Sylvie Ricordeau.The previous Survey of the Spain was issued in September 2014.
-
-
Spain’s economic recovery, underway since 2013, has been one of the strongest in the OECD thanks to a wide-ranging agenda of structural reform (), highly expansionary euro area monetary policy, easier fiscal policy, and significant repair of the banking system. Dynamic growth and wage moderation have led to strong employment gains, bringing down unemployment from very high levels and providing consumers with more income. Exports have grown strongly despite weak global markets, reflecting improving wage competitiveness and have helped turn a current account deficit into a surplus. Further economic growth at a pace above 2% annually is likely in the short term.
-
-