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May 03, 2023
António Seladas, CFA
António Seladas, CFA
Portugal Economy: Government debt in March remained close to 114% of GDP
Portugal Economy: Government debt in March remained close to 114% of GDP, mainly due to higher Deposits
May 03, 2023
António Seladas, CFA
António Seladas, CFA
Portugal: March’s job data
Portugal: March’s job data – Unemployment rate was flat MoM at 6.9%, while the number of people employed remains at historical high levels
May 02, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - March retail sales growth remained positive
Portuguese Economy - March retail sales growth was positive (+0.4%YoY; meanwhile February was reviewed upwards to positive).
May 02, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - March budget trailing defict remains close to 1% of GDP
March’s budget execution, surplus of €2.6Bn vs. a deficit of €390Mn one year ago, strongly benefitted from a non-recurrent transfer; €3.02Bn; CGD’s pension fund. Excluding this extraordinary item, that does not account in terms of budget execution.
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