Portugal: Staff Report for the 2005 Article IV Consultation

October 20, 2005

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Portugal: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 23, 2024

Summary

The staff report for the 2005 Article IV Consultation on Portugal highlights economic developments and outlook. Private consumption has proven resilient, reflecting low interest rates and lengthening tenors on bank lending, while investment and export growth remained weak. Executive Directors concurred that in an unfavorable context marked by large fiscal and external imbalances, slow growth, and a weak competitive position, the challenge confronting the Portuguese government is to create the conditions to restart Portugal’s per capita income convergence toward the euro area average as soon as possible.

Subject: Banking, Expenditure, External debt, Fiscal consolidation, Fiscal policy, Fiscal stance, Public debt, Revenue administration

Keywords: Consumer confidence, CR, Fiscal stance, GDP, Global, IMF staff representative, Industial production, ISCR, Short-term indicator, Socialist party, Staff appraisal, Unprocessed food product

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/375
Stock No:

1PRTEA2005001
ISBN:

9781451832198
ISSN:

1934-7685

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