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Significance
Portugal is set for the best five-year period of growth since the turn of the millennium, unemployment is falling and public finances are showing positive signs. The upswing is reflected in the remarkable stability of the political system.
Impacts
The economic recovery is likely to drive down yields on government bonds.
Centeno’s appointment as Eurogroup president will raise Portugal’s standing in the EU.
Security concerns in many Mediterranean countries are likely to boost Portugal’s tourism industry.
Keywords:
Portugal,
EUR,
EU,
economy,
politics,
fiscal,
government,
growth,
party,
policy,
debt,
election,
employment,
foreign trade,
labour,
wages,
balance of payments,
legislation,
opposition
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2018
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