
Blog posts tagged by tag: Portugal
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Set to breach targets again? Debt and deficit outlooks for Southern European Eurozone countries in 2016 & 2017
After dragging Greece kicking and screaming through a never-ending vicious cycle of fiscal adjustment and output decline, the European Commission seems to be softening in its attitude towards other struggling Eurozone economies. France, Italy, Portugal and Spain, among others, have all repeatedly been given extensions to reduce their debt and deficit levels after recurrent breaches of EU targets have gone unpunished, and the trend looks set to continue as our forecasts show that those economies will underperform again this year and next. Does this mark a shift in mindset within the Commission as to whether the Growth and Stability Pact is fit for purpose? Or rather just tactical maneuvering—or indeed resigned acceptance—in tough political times, as the EU faces unprecedented challenges to its legitimacy and survival?
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2020 Analyst Forecast Awards - Best Overall Forecasters
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Featured Posts
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Euro Area: Interview with HSBC
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South Africa: Interview with Investec
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Covid-19 And Remittances in Central America & The Caribbean
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India: Interview with Société Générale
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Iran: Interview with Steven Burke, Iran economist at FocusEconomics
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The World's Top 5 Largest Economies in 2023
Twitter @FocusEconomics
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