terça-feira, 23 de fevereiro de 2010


«an economy that has barely grown in the last decade. Failure to ease investor concern may spark a further plunge in government bonds and worsen a European crisis that’s undermining the euro(..)The budget includes a 2010 growth forecast of 0.7 percent, compared with the IMF’s 0.4 percent forecast. The Washington- based lender sees the economy expanding 0.9 percent in 2011 and 1.3 percent in 2012, periods for which the government hasn’t yet given forecasts.
Portugal has one of the euro area’s largest private debt burdens, according to data from the European Central Bank. It has also lost competitiveness since joining the euro, with labor costs rising an average 3.5 percent a year in the last decade compared with 2.3 percent in Germany.
“We know about all these problems,” said Luigi Speranza, an economist at BNP Paribas SA in London. “The question is, what are they going to do about it?”»

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