Portugal
Budget will stabilise Portugal's minority government
Though largely austerity-driven, the 2017 budget satisfies the government's left-wing allies
PortugalPortuguese coalition parties may clash over austerity
Portugal has escaped EU fines for now, but further austerity measures may be necessary
PortugalGlobal airlines will need long-term productivity gains
Failure to accelerate productivity growth may hamper short-term benefits of cheaper fuel
InternationalEU sanctions for Portugal and Spain may be unlikely
Despite both countries' failure to meet their budget deficit targets, the EU may not impose fines
EUPortugal's growth will accelerate mildly in 2016
Growth slowed in the first quarter, as the drag from net exports more than offset accelerating private consumption
PortugalChallenges for Portuguese government may not abate
Following his political victory, implementing the 2016 budget will be Costa's next challenge
PortugalPortugal's budget tutelage is deferred not ended
Exiting the bailout in 2014 may seem to allow policy freedom, but Brussels will revisit the 2016 budget this spring
PortugalHigh house prices may be global systemic risk
Global house prices have returned to their pre-crisis level
International
