{
  "title": "Portugal: Staff Report for the 2015 Article IV Consultation",
  "publication": "IMF Staff Country Reports, May 18, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/portugal-staff-report-for-the-2015-article-iv-consultation-42936",
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  "summary": "This 2015 Article IV Consultation highlights that Portugal’s significant flow imbalances have largely been corrected in the wake of the sovereign debt crisis, with employment increasing, output expanding, and the current account balance posting surpluses for the first time in decades.",
  "publishDate": "2015-05-18",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Executive summary and macroeconomic assessment",
      "content": "- Portugal’s significant flow imbalances have largely been corrected in the wake of the sovereign debt crisis.\n- Employment is increasing.\n- Output is expanding.\n- The current account balance posted surpluses for the first time in decades.\n- The economy has expanded at close to 1 percent per year on average since early 2013, with growth driven largely by consumption."
    },
    {
      "heading": "Near-term outlook and drivers",
      "content": "- Near-term outlook is benefiting from the trifecta of:\n  - record-low interest rates,\n  - a weakening euro,\n  - low oil prices.\n- Output is expected to increase by 1.6 percent in 2015 and by 1.5 percent in 2016.\n- Outlook for inflation is improving as well."
    },
    {
      "heading": "Key statistics and publication metadata (as presented)",
      "content": "- Pages: 77\n- Volume: 2015\n- Issue: 126\n- Series: Country Report No. 2015/126\n- DOI: https://doi.org/10.5089/9781484389874.002\n- Stock No: 1PRTEA2015002\n- ISBN: 9781484389874\n- ISSN: 1934-7685"
    },
    {
      "heading": "Thematic coverage (subjects and keywords highlighted)",
      "content": "- Subjects: Banking, Expenditure, Fiscal consolidation, Fiscal policy, Labor, Labor markets, Macrostructural analysis, Public debt, Structural reforms\n- Keywords: balance, CR, current account, debt, deficit, deficit target, Europe, Fiscal consolidation, General government deficit, Global, holding, holdings of SDR, IMF staff estimate, Infraestruturas de Portugal, ISCR, Labor markets, near-term outlook, profitability recovery, Structural reforms\n\nPortugal: Staff Report for the 2015 Article IV Consultation — IMF Staff Country Report 2015, 126.\n\n---\n\n Content in this bundle\n\n- cr15126 — Executive Summary\n  - cr15126 — Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15126 — Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/portugal-staff-report-for-the-2015-article-iv-consultation-42936"
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    "Published: May 18, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484389874.002",
    "Portugal’s significant flow imbalances have largely been corrected in the wake of the sovereign debt crisis.",
    "Employment is increasing.",
    "Output is expanding.",
    "The current account balance posted surpluses for the first time in decades.",
    "The economy has expanded at close to 1 percent per year on average since early 2013, with growth driven largely by consumption.",
    "Near-term outlook is benefiting from the trifecta of:",
    "Output is expected to increase by 1.6 percent in 2015 and by 1.5 percent in 2016.",
    "Outlook for inflation is improving as well.",
    "Pages: 77",
    "Volume: 2015",
    "Issue: 126",
    "Series: Country Report No. 2015/126",
    "DOI: https://doi.org/10.5089/9781484389874.002",
    "Stock No: 1PRTEA2015002",
    "ISBN: 9781484389874",
    "ISSN: 1934-7685",
    "Subjects: Banking, Expenditure, Fiscal consolidation, Fiscal policy, Labor, Labor markets, Macrostructural analysis, Public debt, Structural reforms",
    "Keywords: balance, CR, current account, debt, deficit, deficit target, Europe, Fiscal consolidation, General government deficit, Global, holding, holdings of SDR, IMF staff estimate, Infraestruturas de Portugal, ISCR, Labor markets, near-term outlook, profitability recovery, Structural reforms",
    "**_cr15126 — Executive Summary**"
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