Spain | Public deficit: insufficient pace of deficit improvement
Published on Tuesday, January 26, 2016 | Updated on Tuesday, January 26, 2016
Spain | Public deficit: insufficient pace of deficit improvement
Summary
Public deficit (excluding local government) rose to 3.9% of GDP until November, improving the level reached a year ago. Despite the good performance, the pace of adjustment is not sufficient and the probability of year-end target default is confirmed.
Geographies
- Geography Tags
- Spain
Topics
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- Macroeconomic Analysis
Authors
Virginia Pou
BBVA Research - Senior Economist