Economic Stabilization and Growth in Portugal
Summary:
This paper reviews economic stabilization and growth in Portugal during the 1970s. Following a decade of rapid growth with external equilibrium, the Portuguese economy in the early 1970s suffered a series of major shocks. The paper highlights that the problem of managing economic growth with a balance-of-payments constraint was new to Portugal. The paper reviews the issues that had to be resolved to develop an effective program. The economic outturn is also critically examined in this paper.
Series:
Occasional Paper No. 1981/001
Subject:
Credit Economic sectors Exchange rates Exports International trade Labor Monetary expansion Monetary policy Money Public sector Real wages
English
Publication Date:
April 15, 1981
ISBN/ISSN:
9781557750617/0251-6365
Stock No:
S002EA0000000
Pages:
29
Please address any questions about this title to publications@imf.org