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Portugal’s economic revival brings ‘crisis of good news’

Page created: Monday, 5 June 2017 14:47 GMT

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Costa  Economic Activity

António Costa may soon discover that success brings its own problems.

Portugal’s proudly anti-austerity prime minister is ebullient after returning the former bailout country to fiscal health and presiding over a robust economic recovery. Lisbon is no longer in breach of the EU’s budget rules — a decision he calls a “turning point” for the country’s international reputation — and the economy looks set for its strongest expansion in almost two decades. Unemployment is falling at one of the fastest rates in Europe.