Portuguese GDP rises in Q3, IMF points to the programme’s implemention risks in Q4

Portuguese GDP was up 0.2%qoq in Q3, after +1.1%qoq in Q2. The eight and ninth reviews were completed with the IMF’s staff recommending political cohesion and determination to continue the fiscal adjustment whilst undertaking supply side reforms. Staff also alerted for the high implementation risks in 2014 and the the narrowing path to regain full market access by the end of the Programme.

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