IMF: Portugal needs to renew reform momentum to reach 2015 fiscal targets and to avoid a sharp divergence from targets in the medium term
- Portugal's 2015 elections could create challenge for pursuing reform efforts, but the country needs to take action soon.
- Forecasts Portugal 2015 deficit at 3.4% of GDP (compared to govt forecast of 2.7%/GDP), and 2016 deficit at 3.3% of GDP