Free Economic Weekly: 7th review of the Portuguese Program: deficit deadline extended

Portugal’s official lenders agreed on an extension on the deadline to extend the deficit limit. Exports picked up in January, suggesting the decline recorded in Q4 should be reverted in Q1. Core inflation was -0.5%yoy in February, pointing to deflation risks in Portugal. Eurozone industrial production fell in January but confidence indicators suggest this downturn should be short-lived.

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