Portugal : Selected Issues Paper

Publication Date: January 18, 2013

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Summary: 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.
Series: IMF Staff Country Reports
Subject(s): Economic growth | Fiscal reforms | Government expenditures | Tax policy | Global competitiveness | Corporate sector | Selected issues | Portugal

Publication Date: January 18, 2013
ISBN/ISSN: 9781475589498/1934-7685 Format: Paper
Stock No: 1PRTEA2013003 Pages: 103
US$18.00 (Academic Rate:
US$18.00 )
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