domingo, setembro 09, 2012

Portugal's biggest risk is Spain

Portugal has been trying to export its way out of the economic mess that it has been in for some time. And it has been doing an amazing job, particularly given its poor export track record and deteriorating economic conditions in the Eurozone. Portugal's exports now make up close to 40% of its GDP vs. 25%  3 years ago. The nation's trade deficit has nearly disappeared in part due to falling domestic demand but also to improved exports....

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