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Bright outlook for Portugal as Europe faces new recession

Bright outlook for Portugal as Europe faces new recession

With the world braced for a new recession that has the United States at its core, Portugal is seemingly looking extremely fortunate. Any economic downturn creates ripple effects – but pundits predict Portugal is likely to ride these out and could offer an otherwise struggling Europe “some hope”.

Heavyweight praise came over the weekend from the Financial Times in the form of an opinion article that has since been widely shared, embellished and misquoted. But the gist – that Portugal is ‘sitting pretty’ where other countries most definitely are not – remained intact.

Read more in the Algarve Resident