国际货币基金组织：2025年西班牙：选定问题报告（英文版）

Five years after the pandemic, gross fixed capital formation has only recently returned to its prepandemic level despite the strong rebound in economic activity. The investment recovery has been weak across all components, but particularly so in transport equipment and other construction. Investment has been lagging euro area peers and has also remained below levels implied by its historical drivers, narrowing the gap with these fundamentals only in recent quarters. While Spain’s investm