The European Period (1986–2017)

Luciano Amaral ()
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Luciano Amaral: Nova School of Business and Economics

Chapter Chapter 7 in The Modern Portuguese Economy in the Twentieth and Twenty-First Centuries, 2019, pp 265-308 from Palgrave Macmillan

Abstract: Abstract This book ends almost in the same manner as it started: with a financial crisis. On 6 April 2011, the Portuguese Government requested international assistance in order to deal with its foreign financial commitments. This was the culmination of a crisis that had started in 2008, accompanying similar events around the world. But in the case of Portugal, this negative cycle was inserted into an already ongoing medium-run trend of mediocre growth. The crisis was not like in many other countries, a negative event (a “black swan”) interrupting a phase of persistent and healthy growth. It was, rather, a sort of coda into an already worrying economic situation.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-030-24548-1_7

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DOI: 10.1007/978-3-030-24548-1_7

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