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Adjustment Dynamics in Spain: Will Belt-Tightening Cinch Off Growth?
By Elisa Parisi-Capone
In an earlier Analysis, RGE pointed to Spain as the most structurally challenged eurozone economy on a set of measures such as unemployment, total factor productivity, corporate sector leverage, exposure to a construction overhang and structural slumps in tax revenues. In comparison to other periphery countries, Spain’s adjustment[...]