Crisis in Catalonia Risks Hurting Spanish Economy, IMF Says

The International Monetary Fund said the Catalan crisis could have an impact on Spain’s economy, which has been one of the best performing in the euro area in recent years.

In its latest assessment, the IMF said the banking system has become more resilient, while the economy has benefited from structural reforms and wage moderation as well as a favorable global backdrop. The report, based on an Article IV consultation that ended on Sept. 20, would usually attract attention in Spain, but it’s been overtaken by the political drama related to the secessionist push in Catalonia.