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Did online trade mitigate the fall in household consumption in Portugal? Were (are) Portuguese businesses ready to do business in this way? Have consumers’ habits changed? Can e-commerce continue to gain ground from traditional retail?
The wealth of Portuguese households has increased in recent years and the distribution by level of wealth or employment status shows little difference with respect to the euro area. However, the proportion of liabilities that are borne by the less wealthy half of the population is relatively higher.
In this article, we delve into the figures of the tourism sector in order to paint a more detailed picture of its recovery trajectory, which identifies the major trends and provides clues as to what we can expect for the remainder of the year.
The available information for Q2 suggests a more positive performance than anticipated for the Portuguese economy. In this context, we believe there is room for a slight improvement in our growth projections.
In the current context, marked by the breakdown of some supply chains, to what extent can Portugal take advantage of the situation, position itself as an alternative supplier and increase the contribution from exports to GDP growth?
We analyse the post-pandemic recovery of tourism from one of the Portuguese economy’s star source markets: the US.