Portugal: Second Post-Program Monitoring
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper discusses key findings of the Second Post-Program Monitoring Discussions with Portugal. Portugal’s economic recovery remains on track in 2015, boosted by rising exports and consumption, together with a recent upturn in investment. Real GDP expanded by 1.5 percent (year-over-year) in the first quarter, and is projected to increase 1.6 percent for the full year. A more forceful approach to corporate debt work-outs is needed to accelerate the structural transformation of the economy. The authorities should be proactive in putting in place a coordinated approach to debt work-outs to restructure the debts of viable firms, and move forward with liquidation of those that are no longer viable.
Series:
Country Report No. 2015/226
Subject:
Banking Credit Economic sectors External debt Financial institutions Loans Money Public debt Public sector
English
Publication Date:
August 6, 2015
ISBN/ISSN:
9781513532028/1934-7685
Stock No:
1PRTEA2015004
Pages:
43
Please address any questions about this title to publications@imf.org