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 [...]
The ex-governor of the Bank of Portugal and vice-president of the European Central Bank, Vítor Constâncio issued a warning at the end of last week that the Euro Zone is facing stagflation and [...]
If the last Council of State meeting between the Prime Minister, government heads and the President of the Republic was partly dominated by the failings of the ‘More Housing’ programme, then [...]
Portugal’s economic growth stalled by the end of the second quarter with less than expected tourism figures for the summer months. A spurt in tourism in the first quarter had given an unexpected [...]
Portugal’s central bank governor Mário Centeno said this week in the United States that the European Central Bank needed to think twice before making any decisions to hike interest rates again if [...]
Experts have sounded alarm bells over the “bad management and poor application” of European Union’s NextGenerationEU Recovery and Resilience Plan funds awarded to Portugal and which total some [...]
Portugal is among the Euro Zone economies that enjoyed the best performance in the second quarter of the year. Between April and June the economy saw a like-for-like GDP growth rate of 2.3% [...]
