01716cas a2200241 a 4500 AALejournalIMF006245 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451832327 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Portugal : Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Portugal. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (66 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 This 2009 Article IV Consultation highlights that the global economic crisis has severely affected the Portuguese economy. Output will likely contract by almost 3 percent in 2009, driven by sharp falls in exports and investment. Despite a substantial rise in unemployment to nearly 10 percent, wage growth remained brisk. Encouragingly, some signs of adjustment are emerging, as prices have fallen faster than in the euro area. Executive Directors have encouraged the authorities to prepare a credible fiscal consolidation plan that would prevent further deterioration in fiscal balances. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2010/018 Full text available on IMF http://elibrary.imf.org/view/journals/002/2010/018/002.2010.issue-018-en.xml IMF e-Library