60299
Portugal to Exit Deficit in Spring
World Economy

Portugal to Exit Deficit in Spring

Portugal is set to exit the EU excessive deficit procedure if the European Commission confirms its latest forecasts for this year and next in a new assessment in the spring, EC Vice President Valdis Dombrovskis said on Friday, Reuters reported. Lisbon says it cut the budget deficit last year to 2.1% of GDP or less—the lowest level in the country’s democratic history and below the 2.5% target set by Brussels—after 4.4% in 2015. The gap is also below the 3% EU threshold for excessive deficits for the first time. 

 

Short URL : https://goo.gl/vv4zlw
  1. https://goo.gl/DXBY68
  • https://goo.gl/v25DNS
  • https://goo.gl/QGjtGH
  • https://goo.gl/tFVbSe
  • https://goo.gl/2y871K

You can also read ...

Automation is eroding jobs.
As workers struggle with the uneven fruits of globalization...
Pedestrians are reflected on a window displaying share prices of the Tokyo Stock Exchange in Tokyo on October 23, 2017.
Asian stocks ended broadly higher on Monday after the US...
Escaping Middle Income Trap  a Challenge for Malaysia
S&P Global Ratings expects that Malaysia’s objective to...
Venezuela is already late on $350 million of interest payments.
Ever since the price of oil collapsed in mid-2014, there’s...
Vietnam Confident of 6.7% Growth
Vietnam is confident it will meet its goal of 6.7% economic...
Just a third of companies say that Brexit has had no impact on their plans.
Investment by Britain’s manufacturers has seen a reality check...
Kobe Steel Faces Key Debt Test
As Kobe Steel Ltd becomes increasingly embroiled in a data...
Brazil Watchdog to Reject Oi Plan
Brazil’s telecoms regulator Anatel on Monday is set to reject...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus