Cover IMF Staff Country Reports
Portugal: Staff Report for the 2003 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2004: Issue 080
Language:
English
Publication Date:
22 Mar 2004
DOI:
https://doi.org/10.5089/9781451832167.002
ISBN:
9781451832167
ISSN:
1934-7685
Pages:
47
Keywords:
ISCR; CR; deficit; estimate; GDP; deficit revision; report; high-frequency activity indicator; asset sale; inflation differential; private sector; Loans; Asset management; Fiscal stance; Europe; Global; Middle East; East Africa; Central Africa
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Portugal achieved progress in containing the fiscal deficit, strengthening financial sector resilience, and structural reforms. Executive Directors commended the efforts to contain the fiscal deficit in line with the requirements of the Stability and Growth Pact. They encouraged the authorities to implement the recommendations of the fiscal Report on the Observance of Standards and Codes (ROSC) and to move toward comprehensive multiyear budget targets. They underscored that a sustainable economic recovery hinges on strengthening competitiveness and on coping with the effects of euro appreciation.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2004: Issue 080