The fiscal consolidation efforts of Spain, Italy, and Portugal from 2010 to 2014 did not achieve their goal of reducing …

Portugal’s economic adjustment has continued, but the contraction in output has been milder than expected. The 2012 …

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

This paper presents Portugal’s third review under the extended arrangement and request for waiver of applicability of …

Macroeconomic imbalances are large, and structural problems are deep-rooted in Portugal. The new government’s strong …

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 …

This paper discusses findings of the fourth review under an Extended Fund Facility Arrangement with Portugal. One year …

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

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

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