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        Economy

         Portugal’s GDP better than forecasts
        0
        By Christopher Graeme
        In Economy, Finance, News
        Posted 3 Fevereiro, 2021

        Portugal’s GDP better than forecasts

        Portugal’s finance minister put a slight gloss on an otherwise dark landscape as the National Statistics Institute confirmed Portugal’s debt levels had reached 135% of GDP and GDP had fallen by [...]

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         Portugal €270Bn in the red
        0
        By Christopher Graeme
        In Economy, News
        Posted 1 Fevereiro, 2021

        Portugal €270Bn in the red

        Portugal’s accumulated public debt reached a record €270Bn at the end of 2020. The debt was made worse last year because the government was forced to launch massive financial support packages to [...]

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         Portugal’s wedding day blues
        0
        By Christopher Graeme
        In Economy, Events, News, Services, Tourism
        Posted 31 Janeiro, 2021

        Portugal’s wedding day blues

        The Coronavirus pandemic with its constraints, social distance and numbers restrictions and cancelled flights has left Portugal’s wedding sector in tatters with fears many companies may not [...]

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         Centeno dismisses recession in Q1
        0
        By Christopher Graeme
        In Banks, Economy, Finance, Funds, News
        Posted 29 Janeiro, 2021

        Centeno dismisses recession in Q1

        The governor of the Bank of Portugal has forecast that the Portuguese economy will not go into recession in the first quarter of this year, despite the new lockdown. He said that the economy [...]

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         Spend, but keep the receipts says Gaspar
        0
        By Christopher Graeme
        In Economy, Finance, News
        Posted 29 Janeiro, 2021

        Spend, but keep the receipts says Gaspar

        Portugal’s former finance minister, Vítor Gaspar, has warned that while everything should be done to save businesses from the pandemic crisis, governments should keep the receipts. Gaspar, who [...]

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         Marcelo shuts Portugal down
        0
        By Christopher Graeme
        In Covid-19, Economy, News
        Posted 29 Janeiro, 2021

        Marcelo shuts Portugal down

        In a televised address to the nation yesterday evening, Portugal’s president Marcelo Rebelo de Sousa decreed a further extension to the State of Emergency, saying that an effective lockdown would [...]

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         Optimistic trends for Angola from 2021
        0
        By Christopher Graeme
        In Development, Economy, News
        Posted 27 Janeiro, 2021

        Optimistic trends for Angola from 2021

        Many of the consultants who are engaged in the study of the Angolan economy follow a methodology in which the predominant narrative is based on the negative numbers about macroeconomic aggregates [...]

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         Credit crisis looming warns Constâncio
        0
        By Christopher Graeme
        In Banks, Economy, News
        Posted 27 Janeiro, 2021

        Credit crisis looming warns Constâncio

        A former governor of the Bank of Portugal and also ex vice-president of the European Central Bank has warned that regulators will have to step in to avoid a looming credit default crisis this [...]

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         Economists call for post-moratorium loan repayments adjustment plan
        0
        By Christopher Graeme
        In Banks, Companies, Economy, News
        Posted 24 Janeiro, 2021

        Economists call for post-moratorium loan repayments adjustment plan

        Portuguese economists, concerned that the end of periods of grace on repayments on loans and interest on loans could lead to a spike in credit defaults, are calling for a phased post-moratorium [...]

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         Pandemic makes €4.2Bn dent in public finances
        0
        By Christopher Graeme
        In Administration, Economy, Finance, News
        Posted 20 Janeiro, 2021

        Pandemic makes €4.2Bn dent in public finances

        Portugal’s public finances were €4.2Bn worse off from March to November according to calculations by the Parliamentary Budget Support Unit UTAO. The Covid-19 pandemic has required the State to [...]

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