Portugal: Selected Issues Paper

International Monetary Fund

No 2013/019, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; firm; GDP; IMF staff calculation; exchange rate; current account adjustment; equity volatility; TFP growth; export growth; firms' ability; financing source; output gap; over-leveraged firm; Total factor productivity; Pension spending; Health care spending; Human capital; Global; Europe; East Asia (search for similar items in EconPapers)
Pages: 103
Date: 2013-01-18
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