Free Economic Weekly: Employment picks up in Portugal

Employment was up 1.1%qoq in Q3 in Portugal (down 2.2%yoy). The ECB cut its main refinancing rate by 25bps to 0.25% and left the door open for further interventions. The Doing Business report 2014 places Portugal in 31st place among 189 economies, down from 29 in 2013

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