Portugal: Staff Report for the 2008 Article IV Consultation

October 3, 2008

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Portugal: Staff Report for the 2008 Article IV Consultation, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

Portugal’s 2008 Article IV Consultation highlights that Portugal’s financial system remains sound and well supervised. Portugal has accumulated substantial macroeconomic imbalances, and the policy challenge is to smooth the adjustment, containing domestic demand while increasing productivity and flexibility, thus rebalancing growth to the external sector. The weaker global conditions should thus be taken as a reason to strengthen efforts to reignite the stalled convergence process and continue fiscal consolidation and reform.

Subject: Balance of payments, Banking, Competition, Current account, Current account deficits, Financial markets, Labor, Public debt

Keywords: Bank equity price, Competition, CR, Current account, Current account deficits, Deficit, Employment growth, GDP, Global, Growth, Growth outlook, Investment, ISCR, Savings-investment balance, Securitized loan

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/323
Stock No:

1PRTEA2008001
ISBN:

9781451832303
ISSN:

1934-7685

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