01911cas a2200241 a 4500 AALejournalIMF017993 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484323632 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Spain : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (82 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2017 Article IV Consultation highlights continued strong, balanced, and employment-intensive expansion of the Spanish economy during the first half of 2017; the recovery reached a significant milestone when real GDP surpassed its precrisis peak. The economy grew by 3.3 percent in 2016 and is expected to expand by 3.1 percent in 2017. Past structural reforms, wage moderation and resulting cost competitiveness gains, favorable monetary and external conditions, and fiscal relaxation have provided impetus to the recovery. The banking system has become more resilient since the last Financial Stability Assessment Program. As some external tailwinds dissipate, economic activity is projected to moderate to 2.5 percent in 2018 in the absence of any major boost in productivity growth. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/319 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/319/002.2017.issue-319-en.xml IMF e-Library