The Economic Adjustment Programme for Portugal Seventh Review 2025

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The Economic Adjustment Programme for Portugal, usually referred to as the Bailout programme, is a Memorandum of understanding on financial assistance to the Portuguese Republic in order to cope with the 201014 Portuguese financial crisis.
Portugal endured a soft patch in mid-2024 but ended last year on a strong footing. Growth is being driven by some common factors, such as the services-oriented nature of both economies, booming tourism sectors, and strong net migration flows. But there are also key differences in terms of growth drivers.
Portugal is a small country with diverse mineral resources. It is one of the EUs significant copper, tin, lithium and tungsten producers and a global producer of marble, limestone, and granite.
During the Portuguese Empire period, started in the 15th century, until the Carnation Revolution of 1974, the economy of Portugal was centered in trade and raw materials related activities within its vast colonial possessions, mainly in Asia (spices, silk, dyes, porcelain and gems), Africa (ivory, timber, oil, diamonds
Similar to those of other western European countries, Portugals economy is now dominated by services; manufacturing constitutes a significant share of output, while agricultural output is relatively minor, accounting for less than 3 percent of output.
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