02228cas a2200289 a 4500 AALejournalIMF022772 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400211034 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept.. Portugal : 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Portugal. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (75 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 After a deeper pandemic-induced recession than the rest of the euro area in 2020, the Portuguese economy gained ground in 2021, and growth strengthened further in 2022:Q1. Employment reached pre-pandemic levels in 2021:H2 and GDP in 2022:Q1. Nonetheless output is expected to remain below pre-pandemic trend over the medium term. While growth in 2022:Q1 was supported by a strong bounce back in tourism and domestic demand, the recovery for the rest of the year is expected to be hampered by the war in Ukraine despite limited direct linkages with Russia and Ukraine, due to higher commodity prices, supply-side disruptions, and weaker confidence and external demand. The outlook is clouded by uncertainty relating to the war, new virus waves, and the ultimate effect of the pandemic on corporate, bank, and public sector balance sheets. While declining and with improved composition, public debt would remain high. Mode of access: Internet International Agreements and Observance imf International Organizations imf Monetary Policy imf Portugal imf IMF Staff Country Reports; Country Report ; No. 2022/203 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=203 IMF e-Library