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Fonte: The Economist

Yet it is hard to cheer people with such arguments when overall economic performance has been so poor. This year GDP is expected to contract by 3.5%, lifting unemployment to about 8.5%. These are hardly cheering figures, but the real problem is that they come after a decade of below-average growth. GDP per head has fallen from almost 80% of the EU average ten years ago to just 75% in 2008. Far from catching up, Portugal has fallen further behind—unlike others in the EU [...] As the IMF states in a recent report, the country’s fundamental problems are domestic, not global, in nature. But political leaders find reforms hard to push through. Despite this, Mr Sócrates may well win the election due in October, even if the Socialists lose their absolute majority.

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Jorge Assunção

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Jorge Assunção Autor do blogue Despertar da Mente e co-autor do blogue Delito de Opinião.

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