Tag Archives: 'economy'

Analysis: Portugal’s new balance of power

Analysis: Portugal’s new balance of power

Paulo Portas (conservative CDS) increases his power in a Government reshuffle but Passos Coelho (centre-right PSD) has him on a tighter political leash. It remains to be seen if the pieces of the coalition can be stuck together again.

Summer bulletin: Central bank gloomy on GDP, jobs

The summer economic bulletin estimated that gross domestic product (GDP) would shrink by 2% this year, compared to an original growth forecast of -2.3%, and 0.3% next year, while the earlier forecast for next year had been 1.1%.

Paulo Portas: Government stability is secured

Paulo Portas emphasises job creation and helping businesses as solid agreement secured .

“Two surreal political days”, writes PDV editor Vítor Matos

Portugal’s government will fall, even if it limps on for a few days or weeks. The country is rushing towards the edge of the cliff and an abyss. The main members of the Government have chucked all the hard-fought successes of the last two years into the rubbish bin at the cost of the people’s suffering.

Economy: Minister in Berlin to sign jobs, training deal with Germany

The accord with Germany is for now to have a three-year term, and that its main aim is to make it easier for citizens of the two countries to work or train in the other.

Portugal-Spain: Vigo-Porto direct train inaugurated by economy ministers

The scheduled service begins on Tuesday with two daily services in each direction and tickets are to cost less than €15.

Economy: Finally beginning to bottom out?

The indicator for confidence in the economy continued to improve somewhat in May while the private consumption indicator lessened the extent of its fall in April.

Economy: First Quarter recession at 4%, jobs lowest on record

The National Statistics Institute revised down Portugal’s first quarter GDP, showing a decrease of 4% compared to the same period last year. This was the second biggest drop since records began.

Economy: Business association praises proposal to simplify corporate tax

The simplified corporate tax system would be optional for small and medium-sized enterprises.

‘The health of zebras and the economy of fear’, by PDV editor Vítor Matos

There is a reason why zebras have no ulcers: imagine that, from the time the troika arrived, the bodies of the Portuguese reacted to the anxiety of austerity like a zebra running away in fear from a lion. We are dominated by fear