Portugal : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Portugal
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
The Portuguese economy performed strongly in 2017. Investment and exports were the key drivers of growth. Labor market conditions continued to improve, with falling unemployment and broad-based employment creation. The underlying fiscal balance posted a strong improvement, which can be attributed to buoyant economic growth, controlled budget execution, and falling interest costs, and has contributed to more favorable financing terms throughout the economy. Stability and confidence in the banking system strengthened following successful efforts by banks to raise capital and reduce NPLs, and the sale of Novo Banco in 2017.
Series:
Country Report No. 18/273
Subject:
Article IV consultation reports Credit Current account surpluses Debt sustainability analysis Economic conditions Economic growth Economic indicators Economic sectors Fiscal policy Housing prices Investment Labor productivity Loans Macroprudential policies and financial stability Mortgages Press releases Staff reports
English
Publication Date:
September 12, 2018
ISBN/ISSN:
9781484375921/1934-7685
Stock No:
1PRTEA2018002
Format:
Paper
Pages:
65
Please address any questions about this title to publications@imf.org