public and corporate sectors, and high external debt. Portugal is benefiting from favorable cyclical tailwinds, but growth is …

unemployment. A broad-based recovery in sentiment has led to a decline in yields, allowing Portugal to issue a 5-year bond on … the Constitutional Court struck down an important pension measure contained in the 2014 budget. Portugal continues to … corporate indebtedness will continue to act as a brake on both consumption and investment. Portugal’s public debt and external …

balanced, Portugal still faces important challenges. The authorities have built a strong track record of program implementation …

Portugal's program implementation is on track despite difficult economic conditions and significant legal challenges …

Mounting funding pressures has tipped Portugal into an acute economic crisis in 2011. The roots of the crisis could be … traced to Portugal’s failure to adapt to the rigors of monetary union. With economic institutions, policies, and incentives … ill-adapted to the opportunities, Portugal’s external stability risks also rose gradually. However, the current account …

Portugal’s economy is in deep recession, and the crisis has opened up a large output gap, with severe consequences for …

September 11, 2012, with the officials of Portugal on economic developments and policies. Based on information available at the …

This paper presents an overview of the Sixth Post-Program Monitoring Discussions with Portugal. The Portuguese economy …