debt crisis

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Portugal Economic Crisis

Between 2009-16 the Portugal economic experienced a severe economic crisis – characterised by falling GDP, high unemployment, rising government debt and high bond yields. This was caused by a combination of the global recession, lack of competitiveness and limitations of being in the Euro. What caused the Portuguese economic crisis? In the period Q4 2o10 to Q4 2012, the Portuguese economy has declined over 5.3% Portugal Unemployment With the rapid drop in real…