Monday, May 6, 2019

How to resume the fiscal adjustment after the April 28 elections

Eurostat has just confirmed that Spain closed 2018 with a public deficit of 2.5% of GDP, six percentage points less than in 2017. The reduction of the deficit at a time of growth like the present one is good news, particularly because Spain needs to improve its fiscal margin as soon as possible in order to handle less favorable economic conditions in the future.


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