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Portugal: Second Review Under the Extended Arrangement

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  • International Monetary Fund

Abstract

Portugal’s economic adjustment has continued, but the contraction in output has been milder than expected. The 2012 outlook for Europe has deteriorated substantially, with growth revised down by 1¼ percentage points relative to spring forecasts. Substantially higher capital requirements across Europe, coupled with cuts in exposure to the periphery, are placing further pressure on banks and the flow of credit. The authorities have made significant progress in revenue administration reform and public administration restructuring.

Suggested Citation

  • International Monetary Fund, 2011. "Portugal: Second Review Under the Extended Arrangement," IMF Staff Country Reports 2011/363, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/363
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    Citations

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    Cited by:

    1. Carlos Hurtado, 2012. "The Euro Experience: A Review of the Euro Crisis, Policy Issues, Issues Going Forward and Policy Implications for Latin America," Research Department Publications 4786, Inter-American Development Bank, Research Department.
    2. Schrader, Klaus & Laaser, Claus-Friedrich, 2012. "Will Portugal turn into a second Greece?," Open Access Publications from Kiel Institute for the World Economy 56378, Kiel Institute for the World Economy (IfW Kiel).
    3. Erdmann, Vera & Koppel, Oliver & Plünnecke, Axel, 2012. "Innovationsmonitor: Die Innovationskraft Deutschlands im internationalen Vergleich," IW-Analysen, Institut der deutschen Wirtschaft (IW) / German Economic Institute, volume 79, number 79.
    4. Barros, Pedro Pita, 2012. "Health policy reform in tough times: The case of Portugal," Health Policy, Elsevier, vol. 106(1), pages 17-22.
    5. Schrader, Klaus & Laaser, Claus-Friedrich, 2012. "Will Portugal turn into a second Greece?," Kiel Policy Brief 42, Kiel Institute for the World Economy (IfW Kiel).

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