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    Economy

     DBRS maintains Portugal’s rating
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    By Fernando Caetano
    In Economy, News, Ratings agencies
    Posted 1 Março, 2021

    DBRS maintains Portugal’s rating

    The ratings agency DBRS is likely to maintain its stable rating outlook for Portugal but has also issued a warning about the country’s rising debt which stands at 130% of GDP. The Canadian [...]

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     EU-US transatlantic relations: All steel and lobsters?
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    By Fernando Caetano
    In Diplomacy, Economy, EU Presidency, Exports, Industry, News, Trade
    Posted 28 Fevereiro, 2021

    EU-US transatlantic relations: All steel and lo...

    Can the EU and US forge a shiny new relationship from one stained by steely trade disputes?   The excellent trading relationship overall between Western Europe and the United States formed [...]

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     Portugal’s Recovery plan with 36 reforms
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    By Fernando Caetano
    In Economy, Energy, Environment, EU, News
    Posted 22 Fevereiro, 2021

    Portugal’s Recovery plan with 36 reforms

    Portugal’s Recovery and Resilience Plan involves 36 reforms and 77 investments in areas including measures to tackle climate change and promote digital transition. The amount of investment [...]

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     €1.7Bn EU ‘bazooka’ funding arrives by summer
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    By Fernando Caetano
    In Economy, EU, EU Presidency, Funds, News
    Posted 17 Fevereiro, 2021

    €1.7Bn EU ‘bazooka’ funding arrives...

    Portugal is to receive the first tranche worth €1.7Bn from a €13.2Bn ‘bazooka’ economic aid package to help kickstart the country’s economy by the start of this summer. However, [...]

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     Brussels forecasts 4.1% GDP growth for 2021
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    By Fernando Caetano
    In Economy, EU, News
    Posted 12 Fevereiro, 2021

    Brussels forecasts 4.1% GDP growth for 2021

    The European Union has revised Portugal’s GDP growth downwards to 4.1% for 2021 based on negative growth for the first quarter of the year. It instead estimates that the economy will only return [...]

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     Portugal in worst economic crisis for 150 years
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    By Fernando Caetano
    In Covid-19, Economy, News
    Posted 8 Fevereiro, 2021

    Portugal in worst economic crisis for 150 years

    Portugal is going through its fifth worse economic crisis in 150 years according to a report in the weekend paper Expresso. The economy has not seen a fall of around 8% since the crisis of 1928 [...]

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     Portugal’s GDP better than forecasts
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    By Fernando Caetano
    In Economy, Finance, News
    Posted 3 Fevereiro, 2021

    Portugal’s GDP better than forecasts

    Portugal’s finance minister put a slight gloss on an otherwise dark landscape as the National Statistics Institute confirmed Portugal’s debt levels had reached 135% of GDP and GDP had fallen by [...]

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     Portugal €270Bn in the red
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    By Fernando Caetano
    In Economy, News
    Posted 1 Fevereiro, 2021

    Portugal €270Bn in the red

    Portugal’s accumulated public debt reached a record €270Bn at the end of 2020. The debt was made worse last year because the government was forced to launch massive financial support packages to [...]

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     Portugal’s wedding day blues
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    By Fernando Caetano
    In Economy, Events, News, Services, Tourism
    Posted 31 Janeiro, 2021

    Portugal’s wedding day blues

    The Coronavirus pandemic with its constraints, social distance and numbers restrictions and cancelled flights has left Portugal’s wedding sector in tatters with fears many companies may not [...]

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     Centeno dismisses recession in Q1
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    By Fernando Caetano
    In Banks, Economy, Finance, Funds, News
    Posted 29 Janeiro, 2021

    Centeno dismisses recession in Q1

    The governor of the Bank of Portugal has forecast that the Portuguese economy will not go into recession in the first quarter of this year, despite the new lockdown. He said that the economy [...]

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