Portugal: Staff Report for the 2003 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 080

Publication date: March 2004

ISBN: 9781451832167

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Labor , Economics- Macroeconomics , Public Finance , ISCR , CR , deficit , estimate , GDP , deficit revision , report , high-frequency activity indicator , asset sale , inflation differential , private sector , Loans , Asset management , Fiscal stance , Europe , Global , Middle East , East Africa , Central Africa

Also of interest

Grenada

Peru

Nepal

Republic of Congo : 2001 Article IV

Summary

Portugal achieved progress in containing the fiscal deficit, strengthening financial sector resilience, and structural reforms. Executive Directors commended the efforts to contain the fiscal deficit in line with the requirements of the Stability and Growth Pact. They encouraged the authorities to implement the recommendations of the fiscal Report on the Observance of Standards and Codes (ROSC) and to move toward comprehensive multiyear budget targets. They underscored that a sustainable economic recovery hinges on strengthening competitiveness and on coping with the effects of euro appreciation.