1.

Record Nr.

UNINA9910821264803321

Titolo

Portugal : 2007 Article IV consultation : staff report, staff statement, public information notice on the Executive Board discussion, and statement by Executive Director for Portugal

Pubbl/distr/stampa

Washington, D.C., : International Monetary Fund, 2007

ISBN

1-4552-9135-8

1-4527-4567-6

1-280-89382-6

9786613735133

1-4527-4270-7

Edizione

[1st ed.]

Descrizione fisica

1 online resource (58 p.)

Collana

IMF country report ; ; no. 07/341

Disciplina

332.1

Soggetti

Portugal Economic conditions 1974-

Portugal Economic policy

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Cover title.

"Under Article IV of the IMF's Articles of Agreement, the IMF holds bilateral discussions with members, usually every year"--Cover.

"October 2007"--Cover.

Nota di contenuto

Cover; Executive Summary; Contents; I. Overview: Boom to Bust; II. Outlook: A Modest and Fragile Recovery; Boxes; 1. Portugal's Exports: Blip or Recovery?; III. Policy Challenges; A. Streamlining the Public Sector; B. Boosting Productivity and Competitiveness; 2. Making the Tax System More Pro-Growth; 3. The Importance of Labor Market Flexibility in Regaining Competitiveness; IV. Staff Appraisal; Tables; 1. Selected Economic Indicators, 2002-08; 2. Balance of Payments, 2001-12; 3. General Government Accounts, 2001-50; 4. Medium-Term Scenario

5. Indicators of External and Financial Vulnerability, 2001-066. Selected Financial Indicators of the Banking System, 2000-06; 7. External Debt Sustainability Framework, 2002-12; 8. Status of Implementation of FSAP Main Recommendations; 9. Fund Policy Recommendations and Implementation; Contents; Appendixes; I. Fund Relations; II. Statistical Issues



Sommario/riassunto

This 2007 Article IV Consultation highlights that a modest recovery is finally under way in Portugal. Growth rose to 1.3 percent in 2006, led by strong external demand, which is driving a notable rebound in export growth. In response, corporate investment shows signs of strengthening, but overall domestic demand remains relatively weak. Real GDP growth is projected to strengthen to about 1.8 percent in 2007 and 2008. Portugal’s financial system remains sound and well supervised, and appears to have weathered the recent tensions in financial markets relatively well, though risks remain.