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TitleIZA COVID-19 crisis response monitoring: Portugal (June 2020)
Author(s)Ferreira, Priscila
Cerejeira, João
Portela, Miguel
labour market
crisis response
Issue date3-Jul-2020
CitationFerreira, Cerejeira, Portela (2020): IZA COVID-19 Crisis Response Monitoring: Portugal (June 2020).
Abstract(s)Portugal declared the State of Emergency over coronavirus on March 18 and strict lockdown measures were imposed. To sustain the effects of the shock the government implemented a set of exceptional measures, which have cost 780 million euros until June. Although the social climate is quiet, the measures do not fully address the income loss suffered by agents and the effects of the economic slowdown. Recent forecasts by the EC suggest that the Portuguese GDP will fall by 6.8% in 2020, but will recover (5.8%) in 2021. If this happens, this cycle may in fact be closer to the “V” shape.
TypeResearch report
Publisher version
AccessOpen access
Appears in Collections:NIPE - Relatórios Técnicos

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