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Lisbon: domestic consumption is up, FDI is down |
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The headline figures suggest that Portugal’s economy is in great shape. GDP grew by at least 3% last year and is set to continue on track through 2001. Unemployment is low by European standards at 4% across the board.
Government borrowing requirements are steadily falling, and the deficit is expected to end up at around 1.5% of GDP. Moreover, the Portuguese economy should be more resilient than most to the US slowdown.
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