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Portugal's economy recovers on structural reforms
(MENAFN) EU Economic Affairs Commissioner said that Portugal's efforts towards structural reforms have paid off but more needs to be done to get the economy back on track, The Peninsula Qatar reported.
Portugal's public debt increased in 2014, reaching 130.2 percent of GDP against 129.7 percent the previous year. Unemployment rose again in February, to 14.1 percent against 13.8 percent in January.
Portugal's economy returned to growth in 2014 with an expansion of 0.9 percent, after contracting by 1.4 percent in 2013, but the population remains disgruntled over the center-right government's belt-tightening.
"The recovery is fragile, especially in employment, and there is no room for complacency. There are ongoing reforms, but we still need to do more," the EU commissioner added.
Portugal's public debt increased in 2014, reaching 130.2 percent of GDP against 129.7 percent the previous year. Unemployment rose again in February, to 14.1 percent against 13.8 percent in January.
Portugal's economy returned to growth in 2014 with an expansion of 0.9 percent, after contracting by 1.4 percent in 2013, but the population remains disgruntled over the center-right government's belt-tightening.
"The recovery is fragile, especially in employment, and there is no room for complacency. There are ongoing reforms, but we still need to do more," the EU commissioner added.
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