Economy

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 [...]

The Portuguese economist João Duque predicts that 2022 will be a year of recovery, but also a year in which interest rates will rise. In an interview with TSF Radio, the university professor says [...]

Portugal’s finance ministry is confident that Portugal’s public finances are on the right track. With just two weeks to go before the end of the year, the Finance minister, João Leão, said that [...]

A former Portuguese minister of the Economy was arrested this week after being quizzed by the country’s criminal investigation department DCIAP. Manuel Pinho, who spent the night at a PSP police [...]

Portugal’s public debt has decreased for the fourth consecutive month to its lowest value since January. It had shrunk by €310 million in October to €271.1Bn — the lowest value since January this [...]

Portugal’s Prime Minister António Costa said that the country will never see convergence with the wealthier countries in Europe until it abandons its reliance on a low wage economy. Speaking at [...]

Portugal’s most famous international banker, António Horta Osório, has warned that rising interest rates could threaten the economy. Horta Osório, who took over as non-executive president of [...]

Portuguese economists have ruled out, for the time being, a situation of stagflation in Portugal’s economy. Stagflation is characterised by slow economic growth and relatively high [...]

Plans for Lisbon’s new international airport have stalled because of a mixture of incompetence and a lack of political will from political parties to come together and make it happen. This is the [...]