The central bank said the debt hit €231.9 billion in September.
The out-going government’s programme said it intended to reduce public debt from the 130.2% seen at the end of last year to 125.2% at the end of this year, a more optimistic outlook than international creditors.
The International Monetary Fund (IMF) anticipates that Portugal will reach the end of this year with public debt of 127.8% of GDP, while the European Commission (EC) reckons it is more likely going to be 128.2%.
The third quarter of 2015 economic growth report figures suggest a clear slowdown world-wide except in a couple of countries. Viewed in this light , it may be worthwhile to say that this Vedic astrology writer’s predictions in monumental article – Stressful times ahead for world economy in 2015 and 2016 – published over 17 months past from now in online magazine astrologyweekly.com on 2 June 2014. Just reproducing the prediction covering May 2015 to October 2015 briefly from the article : - “ discernible concerns would surface. Definite rumbles of distress would be heard.” At present , we are in third phase covering November , 2015 to mid- 2016 which has been characterized to be : “ A major concern is likely to happen.” It may , however, be observed that these predictions indicate likely trends which are not synonymous with determinism. In scheme of human affairs , there is always a scope for sufficient and appropriate strategy to either reduce gravity of outcome of planetary impacts or in some cases obviate as well.
By kushal kumar from Other on 21 Nov 2015, 11:06