Spain country risk report Q1 2024 : includes 10-year forecasts to 2032

<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/MARC21/slim http://www.loc.gov/standards/marcxml/schema/MARC21slim.xsd">
  <record>
    <leader>00000cam a22000004b 4500</leader>
    <controlfield tag="001">MAP20230024669</controlfield>
    <controlfield tag="003">MAP</controlfield>
    <controlfield tag="005">20240521110936.0</controlfield>
    <controlfield tag="008">220228s2024    gbr||||       ||| ||eng d</controlfield>
    <datafield tag="040" ind1=" " ind2=" ">
      <subfield code="a">MAP</subfield>
      <subfield code="b">spa</subfield>
      <subfield code="d">MAP</subfield>
    </datafield>
    <datafield tag="084" ind1=" " ind2=" ">
      <subfield code="a">921.4</subfield>
    </datafield>
    <datafield tag="245" ind1="1" ind2="0">
      <subfield code="a">Spain country risk report Q1 2024</subfield>
      <subfield code="b">: includes 10-year forecasts to 2032</subfield>
    </datafield>
    <datafield tag="260" ind1=" " ind2=" ">
      <subfield code="a">London</subfield>
      <subfield code="b">BMI a Fitch Solutions</subfield>
      <subfield code="c">2024</subfield>
    </datafield>
    <datafield tag="300" ind1=" " ind2=" ">
      <subfield code="b">64 p.</subfield>
    </datafield>
    <datafield tag="520" ind1=" " ind2=" ">
      <subfield code="a">Spain was one of the hardest hit economies by the Covid-19 pandemic, though it has weathered the effects from Russia's invasion of Ukrainereasonably well. We expect the negative repercussions of these shocks - namely a surge in public debt and tighter monetary conditions - to be feltin the years ahead, as these developments will limit the government's ability to counter future recessions with aggressive fiscal stimulus. This willleave Spain vulnerable to prolonged bouts of sub-trend growth in the event of future potential negative shocks. Additional challenges also lie ahead (such as a worsening demographic profile amid weak productivity growth), but, as part of its Recovery and Resilience plan, the government has committed to implement significant structural reforms aimed at boosting competitiveness in key export-orientated industries, ensuring the sustainability of the pension system and increasing educational attainment. While we see some scope for such reforms to be effective, helping to lower high youth unemployment, the lack of a strong political consensus may delay the implementation of some of these reforms</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080586850</subfield>
      <subfield code="a">Política económica</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080600648</subfield>
      <subfield code="a">Crecimiento económico</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080611897</subfield>
      <subfield code="a">Perspectivas económicas</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080565381</subfield>
      <subfield code="a">Deuda pública</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080553883</subfield>
      <subfield code="a">Demografía</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20150005816</subfield>
      <subfield code="a">Riesgo país</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080551339</subfield>
      <subfield code="a">Industria</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080604004</subfield>
      <subfield code="a">Sistemas de pensiones</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080550448</subfield>
      <subfield code="a">Desempleo</subfield>
    </datafield>
    <datafield tag="651" ind1=" " ind2="1">
      <subfield code="0">MAPA20080637736</subfield>
      <subfield code="a">España</subfield>
    </datafield>
    <datafield tag="710" ind1="2" ind2=" ">
      <subfield code="0">MAPA20180012556</subfield>
      <subfield code="a">Fitch Solutions</subfield>
    </datafield>
    <datafield tag="856" ind1=" " ind2=" ">
      <subfield code="u">https://www.fitchsolutions.com/products/country-risk-and-industry-research</subfield>
    </datafield>
    <datafield tag="856" ind1="0" ind2="0">
      <subfield code="y">MÁS INFORMACIÓN</subfield>
      <subfield code="u">
mailto:centrodocumentacion@fundacionmapfre.org?subject=Consulta%20de%20una%20publicaci%C3%B3n%20&body=Necesito%20m%C3%A1s%20informaci%C3%B3n%20sobre%20este%20documento%3A%20%0A%0A%5Banote%20aqu%C3%AD%20el%20titulo%20completo%20del%20documento%20del%20que%20desea%20informaci%C3%B3n%20y%20nos%20pondremos%20en%20contacto%20con%20usted%5D%20%0A%0AGracias%20%0A
</subfield>
    </datafield>
  </record>
</collection>