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From Crisis to Convergence: Charting a Course for Portugal

Author

Listed:
  • Mr. Dmitry Gershenson
  • Mr. Albert Jaeger
  • Mr. Subir Lall

Abstract

In 2011, following years of large-scale external imbalances financed by debt, Portugal’s economy reached a crisis point. To restore economic growth and credibility with international lenders, the country embarked on a difficult path of fiscal adjustment and structural reforms. By many metrics, Portugal’s 2011–14 macroeconomic stabilization program has been a success, but going forward Portugal would benefit from policies to reduce vulnerabilities, absorb labor slack, and generate sustainable growth.

Suggested Citation

  • Mr. Dmitry Gershenson & Mr. Albert Jaeger & Mr. Subir Lall, 2016. "From Crisis to Convergence: Charting a Course for Portugal," IMF Departmental Papers / Policy Papers 2016/005, International Monetary Fund.
    • Handle: RePEc:imf:imfdps:2016/005
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=43481
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    Citations

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    Cited by:

    1. Alfredo M. Pereira & Rui M. Pereira & Pedro G. Rodrigues, 2019. "Health care investments and economic performance in Portugal: an industry level analysis," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 46(6), pages 1174-1200, October.
    2. International Monetary Fund, 2016. "Portugal: Ex Post Evaluation of Exceptional Access Under the 2011 Extended Arrangement-Press Release; Staff Report; and Authorities Views," IMF Staff Country Reports 2016/302, International Monetary Fund.

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