• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Country Forecast Portugal Updater Product Image

Country Forecast Portugal Updater

  • Published: June 2013
  • 16 Pages
  • The Economist Intelligence Unit

Portugal's fiscal and economic adjustment programme, supported by the EU and the IMF, is expected to keep the economy in recession throughout 2013. The coalition of the Social Democratic Party (PSD) and the Popular Party (CDS-PP) should hold together for most of its term, but political instability is expected to increase. The budget deficit widened to 6.4% of GDP in 2012, above the 5% of GDP target, after one-off measures were disallowed. The target for 2013 (5.5%) looks similarly unattainable, especially in light of a decision in April 2013 by the Constitutional Court to rule out key savings included in the 2013 budget. Official creditors are likely to approve additional financial support by mid-2014, when the existing programme expires. Real GDP is forecast to contract by 3% in 2013 and 0.6% in 2014 but to recover slowly thereafter. Inflationary pressure will remain weak over the coming years, and periods of falling prices are possible. The deficit on the current account has shrunk rapidly, and it should record small surpluses during 2013-17.

In late May the government unveiled measures to encourage investment this year, including a tax credit worth 20% of investments up to READ MORE >

Country Forecast Portugal Updater

Portugal at a glance: 2013-17
OVERVIEW
Key changes from last month
Political outlook
Economic policy outlook
Economic forecast

Country forecast overview: Highlights

Country forecast overview: Key indicators

Country forecast overview: Business environment rankings

Country forecast overview: Portugal's business environment at a glance
Policy towards private enterprise and competition
Policy towards foreign investment
Foreign trade and exchange controls
Taxes
Financing
The labour market
Infrastructure

Fact sheet

Outlook for 2013-17: Political stability

Outlook for 2013-17: Election watch

Outlook for 2013-17: International relations

Outlook for 2013-17: Policy trends

Outlook for 2013-17: Fiscal policy

Outlook for 2013-17: Monetary policy

Outlook for 2013-17: Economic growth

Outlook for 2013-17: Inflation

Outlook for 2013-17: Exchange rates

Outlook for 2013-17: External sector

Data summary: Global outlook

Data summary: Gross domestic product, current market prices

Data summary: Gross domestic product, at constant prices

Data summary: Gross domestic product by sector of origin

Data summary: Growth and productivity

Data summary: Economic structure, income and market size

Data summary: Fiscal indicators

Data summary: Monetary indicators

Data summary: Employment, wages and prices

Data summary: Current account and terms of trade

Data summary: Foreign direct investment

Data sources and definitions
Global data
Domestic data
Abbreviations

Format Properties
Electronic (PDF) The report will be emailed to you. The report is sent in PDF format. This is a single user license, allowing one specific user access to the product.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS

Our Clients

Our clients' logos