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From Crisis to Convergence : Charting a Course for Portugal

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Series:: Departmental Papers / Policy Papers
Author(s):: Dmitry Gershenson, Albert Jaeger, and Subir Lall
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: March 2016
DOI:: http://dx.doi.org/10.5089/9781513597225.087
ISBN:: 9781513597225
Page:: 118

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.

From Crisis to Convergence

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4. Dealing with Public Debt Overhang: Fiscal Adjustment and Challenges Ahead1

Author(s):: Dmitry Gershenson, Albert Jaeger, and Subir Lall
Published Date:: March 2016

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From Crisis to Convergence : Charting a Course for Portugal

4. Dealing with Public Debt Overhang: Fiscal Adjustment and Challenges Ahead1

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