Following the release of the latest data by the National Institute of Statistics, Galamba said that the both the prime minister and the government failed to recognise that while the recession had ended the economic crisis continued.


The MP pointed out that with GDP having fallen 5.5%, the return to growth of 0.9% was both “anaemic and based only on internal demand, in particular the consumption of cars.”


This growth was also deemed "totally unsustainable, with the trade deficit worsening by 30% and only demonstrating the absence of any structural transformation of the Portuguese economy" said Galamba.


"However, the most concerning statistics, beyond the degradation in the trade balance, is investment that grew by only 2.3% (…) and stands at the level of 1986, a reversal of practically three decades,” said Galamba.


The Socialist MP added that this lack of investment would jeopardise future exports and said this was particularly serious given the favourable investment environment with interest rates at all time lows.


"This government has done something amazing: it destroyed everything and did not create anything," Galamba concluded.