The IMF says the small country in southwest Europe continues to suffer from weak investment and trouble with export markets like Angola and Brazil. The government says it’s back on track to achieve stable growth. Opinions are divided on Portugal.
The IMF says the small country in southwest Europe continues to suffer from weak investment and trouble with export markets like Angola and Brazil.
Cork is Portugal’s great success story. It is exported to 133 countries and used for bottle stoppers, building material and by the fashion industry. But this path to success started with a German sandal maker.
Although European economies have experienced a steady upswing in recent years, not enough has been done to prepare for a rainy day, the IMF has said in a fresh outlook. It cited a number of risks to be aware of.
Soares founded the Portuguese Socialist Party in April 1973 with the help of former German chancellor Willy Brandt. One of his biggest political dreams was that Portugal would join the European Union. He fulfilled it.
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