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Portugal

Author

Listed:
  • Alina Ligia Dumitrescu

Abstract

The international economic and financial crisis which started in 2008, continues to seriously affect the Portuguese economy, which will record a decrease of the GDP’s rate in 2013, for the third consecutive year. To this was added the sovereign debt crisis in the eurozone, whose effects and contagion spilled over Portugal and provoked a wide range of domestic issues. These effects are specifically linked to the high levels of public deficit and the increase of the public debt. The Portuguese government faces difficult choices regarding its attempts to stimulate the economy while also trying to keep its public deficit to around the EU average. The EU’s experts estimate that the Portuguese economy will not recover significantly until 2015, given that the year 2014 will mark only a "shy" exit of recession.

Suggested Citation

  • Alina Ligia Dumitrescu, 2013. "Portugal," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2013:id:2822000009562019
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