Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

September 15, 2017

Electronic Access:

Link to Table of Contents

Summary:

Portugal has made notable progress over the past year in reducing uncertainty over near-term risks. Strong efforts to contain spending and meet last year’s headline fiscal deficit allowed Portugal to exit the Excessive Deficit Procedure, while stability and confidence in the banking system have improved following successful efforts to raise capital. Improved market sentiment regarding Portugal’s near-term prospects has contributed to a sharp narrowing in sovereign debt spreads since mid-March.

Series:

Country Report No. 17/278