Portugal: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Portugal

September 15, 2017

Preview Citation

Format: Chicago

Portugal: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Portugal, (USA: International Monetary Fund, 2017) accessed December 22, 2024

Summary

This 2017 Article IV Consultation highlights that Portugal has made notable progress over the past year in reducing uncertainty over near-term risks. The exit from the Excessive Deficit Procedure in 2017, together with a marked improvement in stability and confidence in the banking system, have helped bolster investor confidence and contributed to a sharp narrowing in sovereign debt spreads since mid-March. The near-term growth outlook has also improved considerably as the ongoing recovery continues to gain momentum, with a pickup in exports and investment alongside the continued growth in private consumption. Tourism remains a key driver of growth, but has also been accompanied by a broad-based pickup in exports of goods in recent quarters.

Subject: Banking, Credit, Economic sectors, Financial institutions, Loans, Money, Nonperforming loans, Public debt, Public sector

Keywords: CR, Credit, Europe, Export, Export share, Global, Impairment coverage ratio, ISCR, Loans, Money market rate, Near-term growth outlook, Nonperforming loans, Portfolio investment data collection system, Portugal, Portugal's productivity, Public sector, Southern Europe

Publication Details

Pages:

64
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2017/278
Stock No:

1PRTEA2017002
ISBN:

9781484319338
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports