Portugal: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Portugal
Electronic Access:
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Summary:
After a strong performance in 2017, economic activity has moderated. The second half of 2018 was marked by a deceleration, coinciding with weaker economic activity in Europe. The headline fiscal balance improved, with a small increase in the structural primary balance reflecting a strict budget execution. The current account turned negative in 2018 in conjunction with a deterioration of the balance of trade in goods and services. Total credit to the nonfinancial private sector continued to decline in 2018. Nevertheless, over the last 4 years the Portuguese banking system has been strengthening its balance sheet and its performance.
Series:
Country Report No. 2019/221
Subject:
Banking Credit Financial institutions Fiscal policy Fiscal stance Labor Loans Money Public debt
English
Publication Date:
July 12, 2019
ISBN/ISSN:
9781498325172/1934-7685
Stock No:
1PRTEA2019001
Pages:
75
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