Midnight–1AM The government estimates it will fall 6.9%.The pandemic is also threatening Portugal's unemployment rate, which rose to 7% in June from a revised 5.9% in May as tens of thousands of jobs were wiped out by the coronavirus.But the overall number is likely to be substantially higher.
Que leia as nossas notícias, que partilhe e comente, que sugira, que critique quando for caso disso. Please consider adding our site to your adblocker's whitelist. O quê? Portugal grew at a faster pace than the euro zone in 2016-19, but the current public health crisis will drive a substantial contraction in real GDP, of at least 8% in 2020. Que nos visite. That Brussels-based institution said last week that Portugal's deficit is likely to reach 6.5% of its GDP in 2020 and 1.8% in 2021. A sua contribuição faz a diferença.
The eurozone economy contracted by 15% year-on-year in the second quarter of 2020, when the Covid-19 pandemic hit hard, with Portugal recording the fourth largest decline, Eurostat reported on Friday.According to the preliminary quick estimate released by Eurostat today, in the second quarter of this year, when the containment measures for covid-19 adopted by member states had the greatest impact on the economy, Gross Domestic Product (GDP) fell 15% in the eurozone and 14.4% in the European Union (EU) as a whole compared to the same period in 2019.Spain (-22.1%) was the European country with the greatest year-on-year decline, followed by France (-19%) and Italy (-17.3%).According to this data from the Community Statistics Office, Portugal had, in this period, the fourth sharpest fall, sinking 16.5%.On the other hand, Quarter-on-Quarter, the Portuguese GDP fell 14.1%.Still in comparison with the previous quarter, between April and June, GDP fell 12.1% in the euro zone and 11.9% in the EU.The Community Statistical Office notes that this quarterly reduction represents “by far the sharpest declines observed since the beginning of the time series in 1995”, which compares with more contained GDP falls of 3.6% in the euro zone and 3.2% in the EU in the first quarter of 2020.Eurostat nevertheless points out that these are preliminary and still incomplete estimates, which will be updated in mid-August.The National Statistical Institute (INE) has brought forward to this Friday the release of the flash estimate of GDP for the second half of the year.
The eurozone economy contracted by 15% year-on-year in the second quarter of 2020, when the Covid-19 pandemic hit hard, with Portugal recording the fourth largest decline, Eurostat reported on Friday. Portugal gdp for 2018 was $351.72B, a 0.62% increase from 2018. We noticed that your browser is blocking ads - please be aware that our station's live stream may also be disabled by adblockers.
The long-lasting impact that the coronavirus will have on tourism represents a downside risk and will prevent a sharp recovery in 2021. LISBON (Reuters) - Portugal's gross domestic product shrank 14.1% in the second quarter of 2020, the biggest contraction ever, as lockdowns imposed to contain the spread of the coronavirus hit key sectors of the economy.In a flash estimate, the National Institute of Statistics (INE) said that between April and June this year, the country's GDP plunged 16.5% compared with the same period in 2019, affected by collapsed private consumption, investment and exports.
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Portugal: GDP to shrink 6.8pct in 2020; budget deficit of 6.5pct – European Commission. "It is a number which will be remembered in the history of Portuguese economy, a consequence of strong confinement, particularly between mid-March and the end of April, which affected almost all economic sectors," said Filipe Garcia, economist at Informacao de Mercados Financeiros consultants.Portugal's two largest trading partners, Spain and Germany, also recorded major contractions in GDP in the second quarter of the year, 18.5% and 10.1% respectively.In yet another sign of weak domestic demand, INE said consumer inflation fell 1.3% in July after growing 0.9% in June.The country had seen some of its strongest growth streaks in the past few years after leaving behind the 2010-13 economic and debt crisis.Last year, Portugal's GDP grew 2.2% while unemployment was 6.5%, near record lows. The last Article IV Executive Board Consultation was on July 8, 2019. UEFA Champions League 2020: The venues in Lisbon are Benfica's Stadium of Light and Sporting Lisbon's Alvalade Stadium.
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