Portugal on ‘blacklist’ for failing to contain explosion in house prices
Another study alerts to Portugal’s ‘worsening housing crisis’ Portugal is one of the (very) few OECD (Organisation for Economic Cooperation and Development) countries failing to contain the explosion in house
IMF warns of “considerable loss of revenue” implicit in IRS Jovem
The government’s plan to reduce income tax for the under-35s comes into effect next year, and will see young people paying a maximum tax of just 15% on income. The
IMF upgrades Portugal’s economic growth forecast to 1.7%
Financial body “more optimistic than Portugal’s own government” The IMF has revised Portugal’s economic growth upwards to 1.7% this year, which is slightly more optimistic than the government, cutting the
Houses in Portugal 20% overvalued warns IMF
“Banks should prepare for possible risks related to defaults” The International Monetary Fund (IMF) estimates that house prices in Portugal are overvalued by 20% – although they are falling –
IMF projects public sector budget deficits for 2023, 2024, not surplus
The International Monetary Fund on Wednesday has said today that it expects Portugal this year to have a public sector budget deficit equivalent to 0.2% of gross domestic product, with
IMF official praises fiscal squeeze despite ‘modest’ growth outlook
A senior official at the International Monetary Fund has warned that it foresees “quite modest” economic growth for Portugal in the coming years, while praising the contractionary fiscal policy of
IMF forecasts Portuguese economy will grow 2.6%, with 5.6% inflation
The International Monetary Fund (IMF) forecasts growth of the Portuguese economy of 2.6% this year and stabilisation at around 2% in the medium term – pointing to inflation of 5.6%.
IMF calls for vigilance on housing
European director warns of risks to countries’ financial stability The International Monetary Fund (IMF) director for Europe has advised the authorities of European countries with housing problems, such as Portugal,
President unfazed by IMF’s economic outlook for Portugal in 2023
President Marcelo has dismissed the IMF forecast suggesting Portugal hasn’t got its sums right for the 2023 State Budget. He told journalists yesterday that he believes in the government’s growth
IMF “duplicates pessimism over Portugal”
The IMF has ‘duplicated’ its already negative estimate over the size of Portugal’s deficit this year. The last projection was for 2.7% (while the Portuguese government itself was working on