Economy

Portugal’s Governor of the Bank of Portugal, Mário Centeno has admitted that the Euro Zone could face a period of stagflation and high interest rates as a result of the invasion of Ukraine. Mário [...]

A former governor of the Bank of Portugal, Vítor Constâncio, has warned that sanctions against Russia will “greatly affect” European economies and plunge the continent into recession. “Will Putin [...]

The Portuguese economy has registered an external trade surplus of €1.4Bn for 2021, which corresponds to 0.7% of GDP, an increase of €1.3Bn on 2020. According to the Bank of Portugal, current [...]

Portugal’s total debt, meaning that of citizens, companies and the State, increased by €16.9Bn in 2021 to €768.1Bn. However, the burden on Portugal’s economy fell to 363.3% of GDP according to [...]

Portugal lost over a decade leading up to its adhesion to the euro currency in which it failed to undertake necessary reforms to make its economy productive and competitive. This is the opinion [...]

Portugal’s former Finance minister is likely to tell business leaders what they know already when he addresses the International Club of Portugal on Thursday (17 February) – that [...]

Portugal’s finance minister João Leão has reduced the treasury’s ‘airbag’ by €8.1Bn — the amount set aside to cover unpredictable shocks that may impact government spending or borrowing — in [...]

The dean of Portugal’s business school Nova SBE says that Portugal is losing talent because of low salaries and high taxes. In an Intervew with TSF radio, Daniel Traça says the Government’s [...]

Portugal’s Prime Minister António Costa and his ruling Partido Socialista party won a clear majority in Portugal’s General Election at the end of January. As the dust settles, five leading lights [...]

The Portuguese State has closed 2021 with a public accounts deficit of €8.7Bn for the year which was €2.8Bn less than in 2020. “In 2021 the Public Administration deficit improved by €2.8Bn on [...]