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 [...]
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 [...]
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 [...]
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 [...]
Although the Covid-19 pandemic dragged many sectors of the economy down with the worst results on record, some sectors in Portugal did well in 2020 despite the lockdown. According to the National [...]
