Portugal : Selected Issues

1PRTEA2006003 Image
Price:  $18.00

Release Date: © October, 2006
ISBN : 978-1-45183-222-8
Stock #: 1PRTEA2006003
English
Stock Status: On back-order

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Description

A range of indicators point to a competitiveness gap of 10–20 percent with respect to euro area competitors. Closing the competitiveness gap will require an extended adjustment period, even with a jump in total factor productivity (TFP) growth and strong wage moderation. This paper reviews several factors that could help explain the boom and bust behavior of corporate investment. Investor sentiment will recover with the deepening of structural reforms, but high corporate debt level is likely to slow the pace of investment growth in the near future.

Taxonomy

Competition , Debt , Economic policy , Fiscal policy , International trade




More publications in this series: IMF Staff Country Reports