Portugal : Second Post-Program Monitoring

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

August 6, 2015

Electronic Access:

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Summary:

This paper discusses key findings of the Second Post-Program Monitoring Discussions with Portugal. Portugal’s economic recovery remains on track in 2015, boosted by rising exports and consumption, together with a recent upturn in investment. Real GDP expanded by 1.5 percent (year-over-year) in the first quarter, and is projected to increase 1.6 percent for the full year. A more forceful approach to corporate debt work-outs is needed to accelerate the structural transformation of the economy. The authorities should be proactive in putting in place a coordinated approach to debt work-outs to restructure the debts of viable firms, and move forward with liquidation of those that are no longer viable.

Series:

Country Report No. 15/226

Subject:

English

Publication Date:

August 6, 2015

ISBN/ISSN:

9781513532028/1934-7685

Stock No:

1PRTEA2015004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

43

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