Portugal : Seventh Review Under the Extended Arrangement and Request for Modification of End-June Performance Criteria-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Portugal.

Portugal's program implementation is on track despite difficult economic conditions and significant legal challenges. The markedly weaker economic outlook provides a strong case for recalibrating the program's fiscal targets. This strong adjustment effort needs to be consolidated by sustai...

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Bibliographische Detailangaben
Körperschaft: International Monetary Fund. European Dept
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2013.
Schriftenreihe:IMF Staff Country Reports; Country Report ; No. 2013/160
Online Zugang:Full text available on IMF
Beschreibung
Zusammenfassung:Portugal's program implementation is on track despite difficult economic conditions and significant legal challenges. The markedly weaker economic outlook provides a strong case for recalibrating the program's fiscal targets. This strong adjustment effort needs to be consolidated by sustained fiscal structural reforms. Continued vigilance is warranted to secure financial stability. A more competitive economy for sustainable recovery requires addressing nominal rigidities forcefully. Program success also hinges on continued external support and effective crisis management policies at the euro area level.
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Beschreibung:1 online resource (98 pages)
Format:Mode of access: Internet
ISSN:1934-7685
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