Bank of Portugal forecasts economic contraction of 1.6% in 2013
Portugal's economy will contract by 3% this year and a further 1.6% in 2013, according to Bank of Portugal projections in an economic bulletin released on November 13.
While the central bank expects exports to maintain "remarkable growth" during the two years – a result of the country's current and capital account balance adjustment – domestic demand will fall at a greater rate.
The inflation rate is expected to increase to 2.8% for the remainder of 2012, under the harmonised index of consumer
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com