Portugal: Second Post-Program Monitoring Discussions - Press Release; and Staff Report

Portugal's economic recovery remains on track, boosted by a generally supportive external environment and a rebound in confidence. Despite recent market volatility related to Greece, Portugal continues to benefit from favorable commodity prices, low interest rates and a weaker euro. Real GDP growth is projected at 1.6 percent for 2015, supported by a pickup in exports and a welcome upturn in investment. But growth is expected to moderate over the medium term as cyclical factors weaken and still high public and private debt constrain the pace of recovery.
Publication date: August 2015
ISBN: 9781513532028
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Money and Monetary Policy , International - Economics , Public Policy ,

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