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Portuguese Market Insight, Summer 2020
Like all European countries, Portugal had a brutal shock to their economy due to the Covid-19 pandemic. Early in the year the economic forecast was the best possible: for the first time in the country’s history, since the democratic revolution in 1974, a positive State General Budget of 0,2% was forecast. This was mainly because of the economic recovery that has been happening since 2015 driven by a tourism boom. By Nuno Príncipe. Portugal was elected in 2019 for the third time in the row as…