In both sets of projections, the economy is expected to recover. The major difference between the two is that the IMF expects Spain’s potential GDP to stagnate, while the OECD expects more rapid growth in potential GDP.4 The IMF forecasts that if Spain returns to full employment in 2018, the economy will be less productive than it was in 2007.
In both sets of projections, the economy is expected to recover. The major difference between the two is that the IMF expects Spain’s potential GDP to stagnate, while the OECD expects more rapid growth in potential GDP.4 The IMF forecasts that if Spain returns to full employment in 2018, the economy will be less productive than it was in 2007.