As Portugal heads to a new election, a cloud is hanging over its export-led economy

Australia News News

As Portugal heads to a new election, a cloud is hanging over its export-led economy
Australia Latest News,Australia Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Economists are questioning how long Portugal's economic recovery will last with a new political cycle about to begin.

for more than 40% of the country's growth rate in 2018 compared to almost 30% in 2010.

His forecasts point to a growth rate of 1.7% in 2019 and 1.2% in 2020. Portugal grew 2.8% in 2017 and 2.1% in 2018.show that the ruling Socialist party is likely to be re-elected, but the real question is whether it will get enough support for an outright majority. Antonio Costa, the Socialist leader and current prime minister, has vowed to keep reducing the country's public debt. This grew substantially in the wake of the debt crisis, reaching a peak of 130% of its GDP in 2014.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AL wild-card game: Yandy Diaz hits two homers as Rays beat A'sAL wild-card game: Yandy Diaz hits two homers as Rays beat A'sYandy Diaz slugged baseball's lowest spender into a matchup with mighty Houston, Charlie Morton silenced the powerful Athletics on the mound, and the Tampa Bay Rays beat Oakland at its own game 5-1 in the AL wild-card round.
Read more »

MLB's Dave Stewart Says A's Can Take Astros If They Beat Rays, Watch Out!MLB's Dave Stewart Says A's Can Take Astros If They Beat Rays, Watch Out!Dave Stewart says the 'Stros better be rooting for the Rays tonight!!!
Read more »

Oakland A’s, Eliminated In Wild-Card Game, Now Must Deal With Ballpark IssuesOakland A’s, Eliminated In Wild-Card Game, Now Must Deal With Ballpark IssuesThe season is over for the Oakland A’s, but the political intrigue surrounding a new ballpark on the Howard Terminal site, adjacent to the waterfront near downtown Oakland, and the rejuvenation of the Coliseum property is ongoing.
Read more »

German economic forecasts plunge as global industrial recession fears mountGerman economic forecasts plunge as global industrial recession fears mountGermany's leading economic research institutes have sharply downgraded their forecasts for Europe's largest economy.
Read more »

WeWork Japan gets new CEO, days after We Company founder quitsWeWork Japan gets new CEO, days after We Company founder quitsWeWork Japan on Wednesday named a new head of local operations, just days after ...
Read more »



Render Time: 2025-04-06 00:55:52