Economy

The Portuguese Government approved a new line of credit on Wednesday for small and medium companies which should become available within the next two weeks. According to the Minister of State and [...]

An economist for Oxford Economics believes “internal demand” will drive economic recovery in Portugal this year and next. But Ricardo Amaro, senior economist and economic forecasts consultant [...]

Car sales are starting to recover but continue to fall short of pre-pandemic levels. Sales of cars rose 25.6% in the first half of 2021, with some brands displaying two-digit growth. But in the [...]

The end of the moratoria on household loans to Portuguese families could lead to credit default of up to €1.32Bn. This is according to consumer watchdog organisation Deco Protest whose economist [...]

According to recent data for June, 2021 the Portuguese economy is expected to grow 4.8% in 2021, above previous forecasts, with a growth of 5.6% in 2022. Portugal’s Gross Domestic Product has [...]

Portugal’s public debt, according to Brussels and the Bank of Portugal, rose €2.1Bn to May to €274Bn. In April, the State’s debt had fallen €2.5Bn after hitting a record high in March while the [...]

A group of Portugal’s top business leaders have joined forces to launch the Business Roundtable Association Portugal (ABRP). The aim of new association, backed by 42 entrepreneurs, is to put [...]

Portugal’s overseas investment agency AICEP says although foreign direct investment has fallen 76% because of the pandemic, it should attract €1Bn “comfortably” by 2022. The government body’s [...]

Almost half of the Portuguese will spend their holidays in Portugal spending an average of €1,339. This is according to a survey undertaken by Europe Assistance and Ipsos “20th Annual Summer [...]

The lockdowns imposed by the government and fears over jobs and the future of the economy have led families in Portugal to save considerably more in 2020 than they did in 2019. This is according [...]