Portugal: Selected Issues Paper

January 18, 2013

Preview Citation

Format: Chicago

Portugal: Selected Issues Paper, (USA: International Monetary Fund, 2013) accessed November 22, 2024

Summary

Portugal’s economy is in deep recession, and the crisis has opened up a large output gap, with severe consequences for employment and government revenue. While the focus is on the medium- and long-term, this analysis also offers insights on how deep the output gap is. It also highlights ways in which policies and reforms can promote growth over the longer haul and suggests that achieving a 2-percent growth rate over the long term—consistent with moderate convergence growth—is a realistic objective.

Subject: Expenditure, Health care spending, Human capital, Labor, Pension spending, Production, Total factor productivity

Keywords: CR, Current account adjustment, East Asia, Equity volatility, Europe, Exchange rate, Export growth, Financing source, Firm, Firms' ability, GDP, Global, Health care spending, Human capital, IMF staff calculation, ISCR, Output gap, Over-leveraged firm, Pension spending, TFP growth, Total factor productivity

Publication Details

Pages:

103
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/019
Stock No:

1PRTEA2013003
ISBN:

9781475589498
ISSN:

1934-7685

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