Deficit could fall to 0% by end of year
Portugal’s deficit, currently at 1.1%, of GDP, could fall to 0% by the end of the year. The Ministry of Finance has yet to confirm or deny that it will review budget deficit target for 2018 on 15 [...]
Portugal’s GDP grows 2.3% in Q2 of 2018
Portugal’s economy grew by 2.3% in GDP terms in the second quarter of 2018 like-for-like according to government statistics. The growth represents a 0.5% increase on the previous quarter (2.1% [...]
Half of Portugal’s debt tied up in sovereign bonds
One half of Portugal’s national debt is tied up in Portuguese government treasury bonds. No one knows exactly who holds these bonds — they vary from companies, international investors, insurance [...]
Portugal set for record property investment
Portuguese real estate is in the midst of a record-breaking boom according to Reuters and property management consultancy Jones Lang LaSalle. In 2017, commercial real estate investment peaked at [...]
Money owed to Portuguese taxman 2% of GDP
Monies in unpaid taxes owed to the Portuguese tax authorities now represent 2% of the country’s GDP. Total debts amount to a massive €3.5Bn. A total of 30,497 names are on the blacklist of [...]
ISEG says Portugal GDP grew 2.3% in Q1
ISEG Lisbon School of Economics & Management estimates that the Portuguese economy grew 2.3% like-for-like on 2017 in Q1. The figures are slightly below those seen in the last quarter of [...]
IMF: Portugal pays 26% GDP to satisfy creditors
With a 26% set-aside of GDP, the International Monetary Fund (IMF) says that Portugal is one of the most vulnerable countries from a group of 52 when it comes to paying creditors. Despite [...]
Government aims to reduce GDP
Portugal has set an objective to reduce its public debt to 102% of GDP by 2022. On Friday the Minister of Finance, Mário Centeno, who is also President of the Eurogroup of EU finance ministers, [...]
