Portugal Selected Issues Paper

Portugal’s economy is in deep recession, and the crisis has opened up a large output gap, with severe consequences for employment and government revenue. While the focus is on the medium- and long-term, this analysis also offers insights on how deep the output gap is. It also highlights ways in whic...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Portugal 
653 |a Pension spending 
653 |a Labour 
653 |a Short-term Capital Movements 
653 |a Social Security and Public Pensions 
653 |a Human capital 
653 |a Public finance & taxation 
653 |a Health care spending 
653 |a Current Account Adjustment 
653 |a Cost 
653 |a Capital and Total Factor Productivity 
653 |a Production 
653 |a Industrial productivity 
653 |a Balance of payments 
653 |a Skills 
653 |a Exports and Imports 
653 |a International economics 
653 |a Total factor productivity 
653 |a National Government Expenditures and Related Policies: General 
653 |a Labor 
653 |a Labor Productivity 
653 |a Expenditure 
653 |a Demography 
653 |a Expenditures, Public 
653 |a Pensions 
653 |a Macroeconomics 
653 |a Occupational Choice 
653 |a Capacity 
653 |a Financial Risk Management 
653 |a Public Finance 
653 |a Human Capital 
653 |a Income economics 
653 |a Production and Operations Management 
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520 |a Portugal’s economy is in deep recession, and the crisis has opened up a large output gap, with severe consequences for employment and government revenue. While the focus is on the medium- and long-term, this analysis also offers insights on how deep the output gap is. It also highlights ways in which policies and reforms can promote growth over the longer haul and suggests that achieving a 2-percent growth rate over the long term—consistent with moderate convergence growth—is a realistic objective