From Crisis to Convergence: Charting a Course for Portugal

Author: Mr. Dmitry Gershenson, Mr. Albert Jaeger, and Mr. Subir Lall

After Portugal’s successful 2011–14 macroeconomic stabilization, new policies could help reduce vulnerabilities, absorb labor slack, and generate sustainable growth.

Volume/Issue: Volume 2016 Issue 005

Publication date: March 2016

ISBN: 9781513597225

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

	paperback else
English

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 , Exports and Imports , Finance , Economics- Macroeconomics , Public Finance , DPPP , DP , DVA export , resource , debt , Portugal , Portugal's growth challenge , tradables sector , growth prospect , misallocation of resource , government policy , Labor markets , Structural reforms , Global , Southern Europe

Also of interest

Navigating External Shocks in Southeast Asia's Emerging Markets: Key Lessons ...

Upgrading Fiscal Frameworks in Asia-Pacific

The Energy Security Gains from Strengthening Europe’s Climate Action

Central Bank Digital Currencies in the Middle East and Central Asia

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.