OECD economic surveys Spain - Noviembre 2025

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      <subfield code="a">Spain's economy has grown steadily in the last years, surpassing European peers. Growth has been supported by strong investment, rising service exports, and an expanding labour force, and is set to stay robust but moderate amid global uncertainty in 202627. Public finances have improved, but long-term fiscal sustainability and sustained growth need rebalancing revenues toward less distortionary taxes, containing pension costs, and prioritising growth-enhancing spending. Achieving income convergence with peer OECD countries requires boosting productivity growth and facilitating SMEs scale-up by promoting market-based financing, easing regulatory burdens, and simplifying access to public R&D support</subfield>
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