From Crisis to Convergence: Charting a Course for Portugal
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Summary:
In 2011, following years of large-scale external imbalances financed by debt, Portugal’s economy reached a crisis point. To restore economic growth and credibility with international lenders, the country embarked on a difficult path of fiscal adjustment and structural reforms. By many metrics, Portugal’s 2011–14 macroeconomic stabilization program has been a success, but going forward Portugal would benefit from policies to reduce vulnerabilities, absorb labor slack, and generate sustainable growth.
Series:
Departmental Paper No. 2016/005
Subject:
Expenditure Labor Labor markets Macrostructural analysis Public debt Structural reforms
English
Publication Date:
March 25, 2016
ISBN/ISSN:
9781513597225/2616-5333
Stock No:
FCCEA
Pages:
123
Please address any questions about this title to publications@imf.org