OECD Economic Surveys.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Series:

OECD Economic Surveys: Spain Series

Language:

English

Subjects (All):

Labor market--Spain.

Labor market.

Environmental policy--Spain.

Environmental policy.

Physical Description:

1 online resource (136 pages)

Edition:

1st ed.

Other Title:

OECD Economic Surveys

Place of Publication:

Paris : Organization for Economic Cooperation & Development, 2023.

Summary:

Spain implemented sizable measures to cushion the impact of the pandemic and of the inflationary shock after Russia's war of aggression against Ukraine. The economy has held up well, but public debt, which was already high, has increased because of the pandemic, making it urgent to step up the pace of fiscal consolidation.

Contents:

Foreword

Glossary of acronyms

Basic statistics of Spain, 2022

Executive summary

The economy is proving resilient

Public debt must be further reduced

Growth needs to be stronger and more sustainable

Spain must increase opportunities for youth

Main findings and key recommendations

1 Key Policy Insights

Rising costs of living have brought new challenges since the COVID-19 crisis

Spain has experienced a gradual but steady recovery

Government action has been decisive in shaping the recovery

The labour market has recovered well, but challenges remain

Financial risks have risen with higher interest rates, but private-sector finances have improved

Public finances have improved, but government debt remains high

The tax burden has risen but without much attention to efficiency considerations

Improving spending efficiency

Longer-run spending pressures are significant in several areas

Addressing the rise in pension spending

The health-care system will become more costly

Reducing poverty by enhancing redistribution

Efforts to raise productivity must be pursued more vigorously

Strengthening public-private cooperation to boost productivity growth

Recent regulatory reforms should help, but there is still room for improvement

The fight against corruption should be strengthened

Spain faces a range of environmental challenges

Much progress has been made in fighting climate change

Spain’s set of policies designed to reach net zero by 2050 is a good start

Water scarcity and quality issues remain significant Generated by AI.

Notes:

Description based on publisher supplied metadata and other sources.

Part of the metadata in this record was created by AI, based on the text of the resource.

ISBN:

92-64-47052-2

OCLC:

1393305334