Portugal Economic Outlook
The economy has a spring in its step, with both consumer confidence and the economic climate indicator rising in June to their highest levels in well over a decade.
In addition, the unemployment rate dropped in May, and is now almost half that reached during the depths of the crisis, while industrial production rose in the same month.
This comes after the quickest growth in seven years in Q1 due to a dynamic export sector, booming tourism and greater domestic investment.
After the EU recommended that Portugal leave the Excessive Deficit Procedure earlier this year, the strong economic performance should help the government come close to meeting its 2017 budget deficit target, which would help trim the onerous public debt burden.
In this regard, the significant decline in bond yields this year, if lasting, should provide a helping hand.
Consultoria, aconselhamento e esclarecimento no Endividamento das Famílias e das Empresas não Financeiras. Consultadoria Estratégica Económica, Financeira e Bancária. Indebteness Consultancy for Family's and Enterprises. General Banking, Economics and Financial Strategic Consultancy.
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