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 [...]
Portugal, Italy, Greece and Spain were dubbed the PIGS a decade ago when their bankruptcy almost brought the European Union project to its knees and resulted in a series of debt reschedules and a [...]
As if the Ukraine conflict wasn’t bad enough, some 933 Portuguese exporters have now been caught in the Middle East crossfire according to an exclusive report by the online news source Eco. [...]
The Bank of Portugal (BoP) has decided to revise its growth forecasts for Portugal’s GDP downwards from 2.7% to 2.1% because of a slowdown in export orders and reduction in consumer spending. On [...]
Portugal’s economy grew 6.8% in 2022, the highest rate since 1987 according to a recalculation made by the national statistics institute INE from 6.7% to 6.8%. During Portugal’s democratic [...]
The European Central Bank has hiked interest rates again for the 10th time running, this time by 0.25%. The institution led by Christine Lagarde has done so to fight against stubbornly high [...]
Portuguese exports have grown in just two of the 10 main destinations it trades with around the world after four months of consecutive falls. According to data from the National Statistics [...]
