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Portugal’s economy shrank by 7.6% last year, the biggest annual decline since 1936, and the government warned that the prospects for recovery are worsening because the COVID-19 pandemic has worsened.
The decline includes the unprecedented decline in tourism revenue, but it is far less serious than the 8.5% previously predicted by the government.
This is still twice the decline in 2012 when the country was struggling with the austerity plan implemented to rescue the troika.
According to a joint announcement by the General Administration of Health (DGS) and INSA, Portugal has 90.3 SARS-CoV-2 cases per 100,000 inhabitants, and its transmission index (Rt) is 0.84. As stated by official data, the incidence rate was 79.1 cases per 100,000 inhabitants, and the Rt was 0.80 when analyzed in mainland Portugal […]
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Read MoreThe police said thousands of people took part in the latest protests against coronavirus restrictions in Vienna on Saturday and were arrested for violating the Public Order Act and Covid’s regulations. Many protesters did not wear masks and did not observe social distancing when they reached the park through the center of the […]
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