IMF Gives Portugal Storm Warning - Recession 2011 Here We Go Again
|Anonymous Coward (OP)|
User ID: 1122931
10/07/2010 08:11 PM
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And here come the first reactions. Not too long till this turns into a new Greece.
Portugal to Face First Joint General Strike in 22 Years Over Wages, Taxes
"Portuguese Prime Minister Jose Socrates will face the countryís first joint general strike in 22 years as the two biggest labor organizations prepare to protest against the governmentís austerity measures.
Jorg Decressin, head of the International Monetary Fundís world economic studies division, on Oct. 6 said that GDP may contract 1.4 percent next year because of the fiscal tightening. The IMF had forecast stagnation in 2011 before the announcement of the additional measures."
[link to www.bloomberg.com]
This is said to be the greatest manifestation ever here. I hope it doesn't end in riots like in Athens.
|1||Portugal official predicts double dip recession||02/16/11|
|2||Portugal's Growth May Slow to 0.2% in 2011 on Deficit Steps, Ministry Says!!!!||10/16/10|
|3||Doomsday Vision For Europe,as eu Chief Warns 'democracy Could Disappear' in Greece,spain & Portugal||06/14/10|
|4||Rare snow storm in Portugal||01/31/06|
|5||"Black Swell" prepares to storm UK, Ireland and Portugal||01/05/14|
|Related Topics: Recession (Economy) - Economic Collapse (Economy)|