Portugal : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Portugal.
This 2016 Article IV Consultation highlights that the economic recovery in Portugal is losing momentum. The slowdown in economic activity that began in the second half of 2015 has persisted, despite still-favorable cyclical tailwinds and supportive macroeconomic policy. The fiscal loosening in place...
| Corporate Author: | |
|---|---|
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2016.
|
| Series: | IMF Staff Country Reports; Country Report ;
No. 2016/300 |
| Online Access: | Full text available on IMF |
| Summary: | This 2016 Article IV Consultation highlights that the economic recovery in Portugal is losing momentum. The slowdown in economic activity that began in the second half of 2015 has persisted, despite still-favorable cyclical tailwinds and supportive macroeconomic policy. The fiscal loosening in place since 2015 and the European Central Bank's appropriately supportive monetary policy stance have translated into robust consumption growth. However, overall GDP growth is being held back by weaker export growth and sluggish investment, with the latter being weighed down by uncertainty, high levels of corporate debt, and still-pronounced structural bottlenecks. Output is expected to increase by only 1.0 percent in 2016. |
|---|---|
| Item Description: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Physical Description: | 1 online resource (72 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Access: | Electronic access restricted to authorized BRAC University faculty, staff and students |