Portuguese trade deficit narrowed in the July to September period from the previous year. The trade deficit totaled EUR 4.37 billion in the July to September period, narrowing from EUR 5.02 billion deficit a year ago.
Exports increased 14.6% on an annual basis to EUR 9.18 billion in the third quarter from EUR 8.02 billion last year.
At the same time, imports grew 4% to EUR 13.56 billion.
The Organisation for Economic Co-operation and Development (OECD) forecasts a stagnation in the economic growth of Portugal, according to data released yesterday.
The indicator calculated by the institution stabilised, showing that the country has already reached its peak in terms of growth.
In August 2010, OECD’s indicator for Portugal stood at 102.03 points, slightly above the 101.99 points registered a month ago. The increase is practically insignificant compared to the latest large monthly expansion by 0.21 points in April 2010.
The indicator for Portugal booked substantial rises in the period between September 2009 and April 2010. After that, from May to July 2010, the levels started falling.
How deflation could crash the SP-500 James Mackintosh, investment editor, draws on Japan’s experience of deflation to see how a similar scenario could affect US equities and bonds.
SP500 at 400?
Will the last person to leave Britain please remember to switch off the lights? Nearly six in 10 Britons would like to retire overseas, making us the most unhappy Europeans about the quality of life in our home country, according to a survey of more than 7,500 people by actuaries and benefits consultants Aon.
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Information for EU citizens and non-EU (US, Australian) on the residency permit: Who needs what, where to go, how to make the application and the documentation required. Also information on the NIF tax identification number.
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EU Factsheets on finding, applying for and ending a job in Portuguese employment, including information on work hours, workers rights, leave allowances and the recognition of qualifications.
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