RaboResearch - Economic Research

Country Report

Portugal (Country Update)

Although Portugal has been very successful in abiding by the conditions of the IMF/EC/ECB troika and therefore has received official financial assistance without delay, the economic and financial situation remains very precarious and uncertain.

Country Report

Portugal (Country report)

Portuguese economic activity fell sharply over the past year. We expect the economy to contract further this year as government austerity pushes down domestic demand and export growth will not be strong enough to compensate for this.