Portugal’s public debt rose €1.2Bn in March to €275.3Bn to a new debt to GDP ratio record of 137.1% in the first quarter of 2021. This was according to statistics released by the Bank of Portugal [...]
As was expected, Portugal’s economy contracted in the first three months of 2021 with GDP falling 3.3% (compared to the fourth quarter in 2020). In like-for-like terns the fall was 5.4% However, [...]
Portugal’s football industry generated €750 million or €494 million towards Portugal’s GDP for the 2019/20 season. It was a reduction of €55 million on the previous season according to figures [...]
The President of the American Club of Lisbon and author of ‘RENDEZ-VOUS WITH AMERICA, An Explanation of the US Election System’ Patrick Siegler-Lathrop gave an insightful talk last week on [...]
The Portuguese government has forecast growth of 4% of GDP this year and 4.9% in 2022. The estimates were advanced by the Portuguese finance minister João Leal after the government approved the [...]
Portugal’s finance minister at the time the country requested a €78Bn bailout from the IMF and EC, has admitted that it was a tough pill to swallow in 2011. As Portugal marks exactly 10 years [...]
The health crisis which has paralysed the Portuguese economy has put the country’s finances back in the red after 10 years of hard work trying to reduce the deficit. The minister of Finances, [...]
A former vice president of the European Central Bank and ex-Governor of the Bank of Portugal says he is “disappointed” at the EU’s financial response to the Covid-19 pandemic. Vítor Constâncio [...]
The Governor of the Bank of Portugal has warned this week that the likelihood of extending the moratoria is “very, very slight”. Mário Centeno said that a prorogation of the moratoria without the [...]
Portugal’s exports of goods fell 9.8% in January compared to the same month in 2020, while its imports shrank 17.2% according to the National Statistics Institute (INE). The numbers compare to [...]
