2005 OECD Economic Surveys: Spain 2005

image of OECD Economic Surveys: Spain 2005

This 2005 edition of OECD's periodic survey of Spain's economy opens with a broad assessment of economic challenges and includes chapters covering macroeconomic stability and competitiveness, raising productivity growth and job creation, getting the most out of public sector decentralisation and reforming the public pension system. 

English Also available in: Spanish, French


Maintinaing a Strong Performance

The Challenges Ahead

The persistence of a sizeable inflation differential with the euro area and a boom in the housing market represent the two most important risks threatening the dynamism of the economy over the medium term. This chapter discusses the structural and fiscal policy options which could ease these tensions. It will focus in particular on improvements to the wage bargaining system, ways to strengthen competition in sheltered sectors and reforms of housing policy.

English Also available in: French

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