国际货币基金组织：西班牙疫情后的投资：评估复苏缓慢（英文版）

This paper examines Spain's investment performance five years after the COViD-19 pandemic.As of 2024, investment had only returned to pre-pandemic levels and remained below historical fundamentalsand euro area peers, particularly in transport equipment and other construction, Macroeconomic analysisidentifies elevated economic policy uncertainty as a factor holding back investment. Moreover, fimm-level datashow that investment among small and younger to middle-aged $panish firms is less re