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> Portugal's economy has been booming since 2015 Actually, that is not true at all. Portugal's recession might have ended back in 2014 but since then economic
by geezerjay 8y ago
> Portugal's economy has been booming since 2015
Actually, that is not true at all.
Portugal's recession might have ended back in 2014 but since then economic growth has been anemic and below the eurozone average, and this in spite of the recent influx of cash due to the natinal golden visa program and a sudden tourism boom. Unemployment is still extremely high in spite of the national statistics presenting an unbelievable low rate close to structural unemployment levels, while real unemployment estinates point to a level above 20% for the whole active population and accompanied with an over 50% youth unemployment rate. This is obviously reflected on the nation's wages, which have stagnated for the past 8 years at pre-bailout levels.
Oh, and about 1% of the population has been
emigrating from Portugal on average per year since the economic collapse in 2011.
The only way Portugal is booming is if you count implosion as a boom of sorts.