From Crisis to Convergence

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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Main Author: Gershenson, Dmitry
Other Authors: Jaeger, Albert, Lall, Subir
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016, 2016
Series:Departmental Papers / Policy Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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
Physical Description:118 p.
ISBN:1513597221
9781513597225