Economy

Portugal is to receive the first tranche worth €1.7Bn from a €13.2Bn ‘bazooka’ economic aid package to help kickstart the country’s economy by the start of this summer. However, [...]

The European Union has revised Portugal’s GDP growth downwards to 4.1% for 2021 based on negative growth for the first quarter of the year. It instead estimates that the economy will only return [...]

Portugal is going through its fifth worse economic crisis in 150 years according to a report in the weekend paper Expresso. The economy has not seen a fall of around 8% since the crisis of 1928 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]