01660cas a2200241 a 4500 AALejournalIMF005761 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451812282 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Spain : 2008 Article IV Consultation; Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (59 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 2008 Article IV Consultation highlights that after 15 years of impressive growth led by a housing boom, the Spanish economy has entered a sharp downturn in the wake of the global liquidity squeeze since mid-2007. Executive Directors have commended the authorities for their timely and substantial fiscal and financial sector responses to help cushion the downturn. They have emphasized that these efforts need to be complemented by reforms to bolster competitiveness and to avoid a prolonged period of slow growth and high unemployment. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2009/128 Full text available on IMF http://elibrary.imf.org/view/journals/002/2009/128/002.2009.issue-128-en.xml IMF e-Library