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This paper discusses Portugal’s Tenth Review Under the Extended Arrangement. The short-term outlook has improved and program implementation remains on track, notwithstanding another adverse Constitutional Court ruling. Stronger domestic demand is supporting a pick-up in activity and lower...
Persistent link: https://www.econbiz.de/10011245368
We investigate the bilateral relationship between government budget balances and current account balances for Portugal … and Germany. We find that the response of the current account balance to the budget balance is greater in Portugal than in … Germany. On the other hand, the response of the budget balance to the current balance is higher in Germany than in Portugal …
Persistent link: https://www.econbiz.de/10014293956
September 11, 2012, with the officials of Portugal on economic developments and policies. Based on information available at the …
Persistent link: https://www.econbiz.de/10014395587
Portugal's program implementation is on track despite difficult economic conditions and significant legal challenges …
Persistent link: https://www.econbiz.de/10011242946
This paper discusses Portugal’s Eighth and Ninth Reviews Under the Extended Arrangement and Request for Waivers of Applicability of end-September Performance Criteria (PC). Program implementation has remained broadly on track, in spite of a political crisis and significant legal...
Persistent link: https://www.econbiz.de/10011243135
This Eleventh Review Under the Extended Arrangement and Request for Extension of the Arrangement focuses on Portugal’s macroeconomic framework and fiscal policy. Sovereign bond yields have declined sharply, buoyed by the improved economic outlook and increased investor appetite for higher...
Persistent link: https://www.econbiz.de/10011243430