Portugal: Staff Report for the 2015 Article IV Consultation
IMF Staff Country Reports, May 18, 2015
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- Canonical URL
- Portugal: Staff Report for the 2015 Article IV Consultation
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Bibliographic details
- Published: May 18, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484389874.002
Executive summary and macroeconomic assessment
- Portugal’s significant flow imbalances have largely been corrected in the wake of the sovereign debt crisis.
- Employment is increasing.
- Output is expanding.
- The current account balance posted surpluses for the first time in decades.
- The economy has expanded at close to 1 percent per year on average since early 2013, with growth driven largely by consumption.
Near-term outlook and drivers
- Near-term outlook is benefiting from the trifecta of:
- record-low interest rates,
- a weakening euro,
- low oil prices.
- Output is expected to increase by 1.6 percent in 2015 and by 1.5 percent in 2016.
- Outlook for inflation is improving as well.
Key statistics and publication metadata (as presented)
- Pages: 77
- Volume: 2015
- Issue: 126
- Series: Country Report No. 2015/126
- DOI: https://doi.org/10.5089/9781484389874.002
- Stock No: 1PRTEA2015002
- ISBN: 9781484389874
- ISSN: 1934-7685
Thematic coverage (subjects and keywords highlighted)
- Subjects: Banking, Expenditure, Fiscal consolidation, Fiscal policy, Labor, Labor markets, Macrostructural analysis, Public debt, Structural reforms
- Keywords: balance, CR, current account, debt, deficit, deficit target, Europe, Fiscal consolidation, General government deficit, Global, holding, holdings of SDR, IMF staff estimate, Infraestruturas de Portugal, ISCR, Labor markets, near-term outlook, profitability recovery, Structural reforms
Portugal: Staff Report for the 2015 Article IV Consultation — IMF Staff Country Report 2015, 126.
Content in this bundle
- _cr15126 — Executive Summary