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economy

economy

Portugal's economy explained: GDP data, market trends, business developments, inflation, real estate, and economic policy. Analysis of how economic trends affect daily life and expat finances.

EU-Mercosur Trade Deal Takes Effect on May 1 — What It Means for Portugal's Exports, Farmers, and Consumers

EU-Mercosur Trade Deal Takes Effect on May 1 — What It Means for Portugal's Exports, Farmers, and Consumers

The EU-Mercosur trade agreement will provisionally take effect on 1 May 2026 , marking the conclusion of over 25 years of negotiations and opening a market of 780 million consumers across Europe and South America. For Portugal, the deal brings both...

CGTP Calls National Strike and March on Parliament for April 17 — Construction, Local Government Workers Walk Out

CGTP Calls National Strike and March on Parliament for April 17 — Construction, Local Government Workers Walk Out

Portugal's largest trade union confederation, the CGTP-IN, has called a national demonstration and coordinated strike action for April 17 , with workers from construction, ceramics, local government, and the public sector expected to walk out in...

Storm Kristin: Insurers Have Paid Out €303 Million — and the Final Bill Could Top €1 Billion

Storm Kristin: Insurers Have Paid Out €303 Million — and the Final Bill Could Top €1 Billion

Two months after the series of storms that devastated Portugal's interior, the country's insurance sector has paid or advanced more than €303 million in claims — less than a third of an estimated €983 million in total indemnifiable losses, according...