60838
Portugal Growth Figures ‘No Miracle’
World Economy

Portugal Growth Figures ‘No Miracle’

Portugal’s Prime Minister Antonio Costa has dismissed suggestions that the Socialist government’s success in reducing the public sector budget deficit last year by more than expected was a “miracle”, TPN reported. He argued that the institutions that had forecasted a much larger deficit had been revealed to be a “monumental flop”. Costa was responding to comments made by Teodora Cardoso, the president of budget watchdog. Cardoso said she doubted the sustainability of the measures that the government had used to narrow the deficit and whether they would continue to yield positive results.

 

Short URL : https://goo.gl/rfZ9iw
  1. https://goo.gl/Xpsrcj
  • https://goo.gl/QAZttp
  • https://goo.gl/ODx28t
  • https://goo.gl/IxlsyF
  • https://goo.gl/frh6Mf

You can also read ...

Saudi Arabia Facing Uphill Battles
Saudi Crown Prince Mohammed bin Salman’s Vision 2030 scheme...
The popular Tesla Model S is due to sell by the end of this month in China, at which point the price will go up about $20,900.
More than a week has passed since the US and China fired the...
Switzerland has the smallest ratio with 7.2% of GDP.
The shadow economy in Jordan accounted for 17.38% of the GDP...
The bankruptcy of investment bank Lehman Brothers on September...
German Cabinet Warned of Economic Risks
The chief of Germany’s central bank, Jens Weidmann, warned the...
The Bank of Italy revised its growth estimates down to 1.3% for 2018, and to 1% for 2019.
Italy's already weak growth forecasts were revised downwards...
Airbus, AirAsia Discussing $23 Billion Deal
The Malaysian airline, already the second-biggest customer for...
Pakistan Raises Key Interest Rate
Pakistan’s central bank on Saturday raised interest rates by...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus