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Global Macro-Market Outlook

Portugal: Q3 2010 Outlook

By Katharina Jungen
Jul 10, 2010 | Last Updated

Real GDP (% change y/y)
2010 2011
0.5 -0.5
CPI (% change y/y)
2010 2011
0.7 0.9
  • In 2010, the Portuguese economy will see only a moderate expansion given the ongoing weakness in domestic demand and fading support from the external sector.
  • The outlook for private consumption remains weak in light of rising inflation, fading stimulus measures, tight credit conditions and high unemployment.
  • Portugal introduced additional austerity measures to calm financial markets, but if growth surprises on the downside, further tightening might be required.[...]

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