Brussels, 26/07/2012 (Agence Europe) - The recession in Portugal could be deeper that forecast by the government, the Organisation for Economic Cooperation and Development (OECD) said in a report published on Thursday 26 July. It calls on the Portuguese authorities to pull out all the stops in order to meet the budget reduction targets set by the country's creditors, AFP reports.
The Portuguese economy is likely to contract by 3.2% by the end of 2012, with the authorities forecasting a...