The IMF provided another indication this week that economic fallout from Spain's
almost- Currently headed by Bulgarian economist Kristalina Georgieva, the IMF changes its
fiscal predictions so often - The conflicts in Gaza and Ukraine were named by the IMF as the major threats to the world economy this year and next. But it had surprisingly little to say about the controversy over Pedro Sánchez's amnesty deal with Catalan separatists, or the ineffectiveness of the government he now leads, as evidenced by its inability to pass a budget for 2024. Perhaps that's because Spain's economy isn't usually particularly affected by the political |
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instability that has become the norm since 2015. We've been reminded of this many times since that year's general election, especially throughout the long periods when the country has had no government at all. During every one of these, Spain's economy has performed well. Similarly, two of the factors fuelling GDP expansion in Spain over the next couple
of years will be largely beyond the central government's control. These are a slowdown
of worldwide inflation and increased domestic consumption, even though the latter
has only just returned to pre- Concerned that the Next Gen grants were not being deployed effectively in Spain,
the EU asked Sánchez last February for hard details: how much had already been spent
and on what? But Brussels is still in the dark, because the Socialist- |