Economy

A weakening exports performance has led to the Portuguese economy falling 0.2% in Q3 of 2023, a situation that was largely offset by strong internal demand. According to the National Statistics [...]

Portugal’s budget surplus shrank by €1.062Bn to €6.215Bn because of the impact of expenditure on social benefits according to the Ministry of Finances in its budget statement for the first 10 [...]

The role of economists in a complex national and international setting Text: Chris Graeme Photos: ICPT Portugal has been plunged into a political crisis that has only rubbed salt into the wounds [...]

Portugal is at risk of becoming even more peripheral because of EU enlargement in Eastern Europe. This is the opinion of former minister of Foreign Affairs, António Martins da Cruz, who argues [...]

The Portuguese Finance minister Fernando Medina said yesterday that Portugal had the conditions to continue to reduce external debt over the next few years despite the rate of inflation slowing. [...]

The US economist Paul Krugman called Portugal “a kind of economic miracle” yesterday in an interview with the Portuguese business daily Negócios. Krugman was the keynote speaker at an event to [...]

Portugal’s economy clocked up a €6.2Bn overseas trade balance of payments surplus to September, 2023, compared to a deficit of €1.6Bn for the same period in 2022 and represented 3.2% of [...]

Text and Photo: Chris Graeme The Governor of the Bank of Portugal, Mário Centeno, has called for prudence when managing a “unique phase” in Portugal’s banking sector. Portugal’s banks enjoyed a [...]

The scenario in which the Portuguese government falls and the State Budget for 2024 cannot be fully approved because parliament has been dissolved, could have a very real short-term negative [...]

Portugal’s economy is showing signs of cooling after GDP shrank 0.2% in the third quarter of the year to 1.9%. The country’s Minister of Finances, Fernando Medina said that the GDP figures made [...]