The Bank of Portugal has cut its growth forecast for 2018 from 2.3% to 2.1% in a series of forecasts to 2021.The main justification for the downward revision is a slowdown in Portugal’s exports [...]
Portugal has cleared the rest of its debt owed to the IMF following the country’s technical bankruptcy in 2011 which resulted in the IMF/EU/ECB troika running the country’s finances for six [...]
Portugal is not out of the woods in terms of inherent structural weaknesses to its economy and public sectors according to the IMF. And despite the current boom in tourism and the property market [...]
It’s that time of year again, when the government has to present its economic plans: tell us all how well we’ll be doing in the next 12 months and where we’re headed. And it’s all “looking good” [...]
