Portugal : Selected Issues Paper

Journal Issue

Volume/Issue:: 2013/19
Series:: IMF Staff Country Reports
Author(s):: International Monetary Fund. European Dept.
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: January 2013
DOI:: http://dx.doi.org/10.5089/9781475589498.002
ISBN:: 9781475589498
ISSN:: 1934-7685
Page:: 103

Portugal's economy is in deep recession, and the crisis has opened up a large output gap, with severe consequences for employment and government revenue. While the focus is on the medium- and long-term, this analysis also offers insights on how deep the output gap is. It also highlights ways in which policies and reforms can promote growth over the longer haul and suggests that achieving a 2-percent growth rate over the long term-consistent with moderate convergence growth-is a realistic objective.

Show Summary Details

You are not logged in and do not have access to this content. Please login or, to subscribe to IMF eLibrary, please click here

Portugal - Selected Issues Paper