Spain & Vulnerabilities (IMF)

Spain: Vulnerabilities of private sector balance sheets and risks to the financial sector published by IMF indicated by Alvaro Manoel. “The sensitivity analysis carried out the Spanish households show that households are most vulnerable to rising interest rate and weaker economic activity, where the impactis of the shocks are most severe for borrowers among the poor and the young. The Spanish nonfinancial corporate sector is highly indebted, largely as a result of the housing and construction boom. It remains vulnerable and the credit risk in the Spanish corporate sector is expected increase further.”