Portugal: Recent Economic Developments

May 19, 1999

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Portugal: Recent Economic Developments, (USA: International Monetary Fund, 1999) accessed December 22, 2024

Summary

This paper reviews economic developments in Portugal—Macau during 1997–99. It highlights the way in which Macau’s economic development evolved over the years. The paper discusses developments in prices, wages, and employment, and sheds light on how the product and labor markets adjusted to external shocks—in particular to the Asian crisis as well as the increased competition faced by the economy in recent years (1997–99). The paper also reviews the budgetary process and budgetary developments and highlights structural problems that are inherent in the fiscal system.

Subject: Banking, Commercial banks, Exports, Financial institutions, Foreign exchange, Imports, International trade, Loans

Keywords: Associado de Bancos de Macau, Commercial banks, CR, Europe, Exports, Firm, Goods, Government, Hong Kong dollar, Imports, ISCR, Loans, Macau, Macau authority, Proceeds, Rate of inflation, Southeast Asia, Special administrative region

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/041
Stock No:

1MACEA0011999
ISBN:

9781451824636
ISSN:

1934-7685

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