From Crisis to Convergence : Charting a Course for Portugal /

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,...

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Bibliographic Details
Main Author: Gershenson, Dmitry
Other Authors: Jaeger, Albert, Lall, Subir
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2016.
Series:Departmental Papers; Departmental Paper ; No. 2016/005
Online Access:Full text available on IMF
Description
Summary: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.
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Physical Description:1 online resource (123 pages)
Format:Mode of access: Internet
ISSN:2616-5333
Access:Electronic access restricted to authorized BRAC University faculty, staff and students