- Risks to meeting bailout targets remains high, especially with legal challenges in constitutional court
- 2013 deficit target of 5.5% of GDP expected to have been met with some margin
- Needs more spending rationalisation and there’s no alternative to fiscal consolidation
- Portuguese debt set to have peaked in 2013
- Short term outlook has improved
- Still susceptible to changes in market sentiment
The IMF comments on the 10th Portuguese review
