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Europe Daily Bulletin No. 10790

21 February 2013
ECONOMY - FINANCE - BUSINESS / (ae) portugal
Much deeper recession expected in 2013

Brussels, 20/02/2013 (Agence Europe) - Portugal is anticipating a much deeper recession than expected this year. According to a report by news agency AFP, Portugal's finance minister, Victor Gaspar, announced on Wednesday that GDP forecasts now stand at -2%, as opposed to initial GDP forecasts of - 1%. Gaspar added that the country expected its international creditors, to give it another year to reduce its deficits. These forecasts are now expected to be quoted on Monday to the troika (the...

Contents

ECONOMY - FINANCE - BUSINESS
SECTORAL POLICY
SOCIAL AFFAIRS - CULTURE - EDUCATION
EXTERNAL ACTION