Economy

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 [...]

An economist for Euler Hermes and shareholder of insurance company COSEC says that Portuguese exporters have an opportunity to generate €13Bn in export business in 2021. Ludovic Subran told the [...]

Economic activity in Portugal suffered a sharp decline in the first week of March on the last week in February. The Bank of Portugal foresees the continuation of the deterioration in the [...]

The Portuguese government has already spent €4.6Bn in State aid to offset the economic impact of the pandemic. Between an increase in expenditure and loss of revenues, the amount represents [...]

The ratings agency DBRS is likely to maintain its stable rating outlook for Portugal but has also issued a warning about the country’s rising debt which stands at 130% of GDP. The Canadian [...]

Can the EU and US forge a shiny new relationship from one stained by steely trade disputes?   The excellent trading relationship overall between Western Europe and the United States formed [...]

Portugal’s Recovery and Resilience Plan involves 36 reforms and 77 investments in areas including measures to tackle climate change and promote digital transition. The amount of investment [...]