RaboResearch - Economic Research

Country Report

Portugal: weak reform momentum threatens feeble growth

Portugal continued to grow in 2015, after exiting the EU/IMF bailout programme in 2014, which signals a substantial increase of economic and financial stability. However, reform momentum is weak while the country still has many vulnerabilities.

Country Report

Country report Portugal

The Portuguese economy returned to growth in 2014 but medium term prospects remain weak. Meanwhile, with an election this year, the reform effort while this year’s budget is based on overly optimistic assumptions.

Column

Europa kiest. Toch? (Dutch)

Januari was in Europa een maand van keuzes. Daar hebben we in Europa een enorme vrijheid in. Maar dat wil niet zeggen dat we daarom ook heldere keuzes maken. En ook niet dat we de keuze-opties voor het kiezen hebben. Zoveel werd afgelopen maand wel weer duidelijk.

Country Report

Country Report Portugal

The outlook for Portugal has improved in recent months, in terms of both economic recovery and future market access. However, this and next year’s election cycle are expected to weigh on support for further structural reforms.

Country Report

Country Report Portugal

Portugal has made considerable progress regarding the implementation of structural reforms and safeguarding financial stability. However, the high short-term socioeconomic costs have increased political instability, which might weigh on support for further reforms.

Country Report

Country Report Portugal

Implementation of Portugal’s bailout program remains broadly on track. Considerable progress has been made, especially regarding the implementation of structural reforms. That said, we stress that political stability must not be taken for granted.

Country Report

Portugal (Country Update)

Although Portugal has been very successful in abiding by the conditions of the IMF/EC/ECB troika and therefore has received official financial assistance without delay, the economic and financial situation remains very precarious and uncertain.

Country Report

Portugal (Country report)

Portuguese economic activity fell sharply over the past year. We expect the economy to contract further this year as government austerity pushes down domestic demand and export growth will not be strong enough to compensate for this.

Country Report

Portugal (Country report)

The Portuguese economy is heading back to recession. After the fall of the government and with serious upward revisions to the public deficit and debt numbers, financial markets lost further confidence, pushing up the interest rate on government bonds to unsustainable levels.