Monday, October 17, 2016

Portugal Continues To Be The Sick Puppy In The Litter

Portugal lowers 2017 economic outlook

Lisbon (dpa) - The Portuguese government pointed to a more pessimistic view of the economy in its latest budget, revising growth prospects downward for 2017 from 1.8 per cent to 1.5 per cent. In the revised draft budget presented late Friday to parliament, the government also estimates a deficit of 1.6 per cent, 0.2 points higher…