Portugal: 2008 Article IV Consultation: Staff Report; Staff Statement, Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Portugal

Portugal's 2008 Article IV Consultation highlights that Portugal's financial system remains sound and well supervised. Portugal has accumulated substantial macroeconomic imbalances, and the policy challenge is to smooth the adjustment, containing domestic demand while increasing productivi...

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Bibliographic Details
Corporate Author: International Monetary Fund (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 2008
Series:IMF Staff Country Reports Country Report No. 08/323
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Summary:Portugal's 2008 Article IV Consultation highlights that Portugal's financial system remains sound and well supervised. Portugal has accumulated substantial macroeconomic imbalances, and the policy challenge is to smooth the adjustment, containing domestic demand while increasing productivity and flexibility, thus rebalancing growth to the external sector. The weaker global conditions should thus be taken as a reason to strengthen efforts to reignite the stalled convergence process and continue fiscal consolidation and reform
Physical Description:1 Online-Ressource (58 p)
ISBN:1451832303
9781451832303