Portugal

Lucia Iordache

Conjunctura economiei mondiale / World Economic Studies, 2014

Abstract: This article highlights the effects of the economic recession in Portugal in 2013 and the economic outlook for 2014 - 2015, based on the main macroeconomic indicators analyzed in the European Commission report “European Economic Forecast - Spring 2014†, as well in the OECD report "Interim Economic Outlook, May 2014" and some publications of Portugal’s government. The trend to resume economic growth and create new jobs in Portugal in 2014, after three years of economic downturn, was the result of applying the economic adjustment program agreed, in 2011, with the European Commission, European Central Bank and IMF, as well as of the institutional reforms. The analysis of Portuguese economy prospects between 2014 and 2015 highlights both the effects of structural reforms - in terms of further improving competitiveness and, consequently, boosting exports and correcting external imbalances - and the risks to achieving macroeconomic targets.

Keywords: Macroeconomic indicators; economic recession; structural reforms; economic outlook; risks (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2014:id:2822000009586007

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