01570cas a2200241 a 4500 AALejournalIMF004573 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451832228 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Portugal : Selected Issues. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (39 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students A range of indicators point to a competitiveness gap of 10-20 percent with respect to euro area competitors. Closing the competitiveness gap will require an extended adjustment period, even with a jump in total factor productivity (TFP) growth and strong wage moderation. This paper reviews several factors that could help explain the boom and bust behavior of corporate investment. Investor sentiment will recover with the deepening of structural reforms, but high corporate debt level is likely to slow the pace of investment growth in the near future. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2006/386 Full text available on IMF http://elibrary.imf.org/view/journals/002/2006/386/002.2006.issue-386-en.xml IMF e-Library