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Europe Daily Bulletin No. 10730

15 November 2012
ECONOMY - FINANCE - BUSINESS / (ae) portugal
Growth forecasts more pessimistic than anticipated for 2013

Brussels, 14/11/2012 (Agence Europe) - On Tuesday 13 November, the Central Bank of Portugal indicated that the recession would hit harder in 2013, with the country's economy expected to shrink by 1.6% next year, AFP reports. These forecasts are more pessimistic than those of the government and the international funders (the Commission, the European Central Bank and the International Monetary Fund), which anticipate a recession of 3% in 2012, but just 1% in 2013. The institution also predicts...

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