Portugal: Staff Report for the 2002 Article IV Consultation

April 9, 2003

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Portugal: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed September 27, 2024

Summary

This 2002 Article IV Consultation on Portugal highlights that after an extended strong economic expansion, the GDP growth stalled in 2002 and, at 0.5 percent, fell below the euro area average for the first time in almost a decade. The growth slowdown reflected a broad-based decline in domestic demand as households began to adjust to high indebtedness levels and a deteriorating employment outlook. Investment continued to fall amid slowing demand prospects and rising global and domestic uncertainty. The weakness in domestic demand led to a decline of imports.

Subject: Asset and liability management, Asset management, Expenditure, Fiscal consolidation, Fiscal policy, Fiscal stance, Public debt

Keywords: Asset management, Asset sale, CR, Credit growth, Deficit, Deficit estimate, Estimate, Europe, Fiscal consolidation, Fiscal stance, GDP, Global, IMF to the public, IMF's assessment, Indebtedness level, ISCR, Outturn

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/099
Stock No:

1PRTEA0012003
ISBN:

9781451832150
ISSN:

1934-7685

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