June 4, 2020 / 7:11 PM / a month ago

Portugal expects 6.9% economic slump this year, PM says

LISBON, June 4 (Reuters) - Portugal’s government expects the economy to contract 6.9% this year due to the impact of the coronavirus pandemic, Prime Minister Antonio Costa said on Thursday.

While presenting a range of measures to support the economy and jobs through the crisis, including a new extension of a moratorium on banking loan repayments by six months until March 2021, Costa also said unemployment was projected to rise to 9.6% this year. (Reporting by Sergio Goncalves and Andrei Khalip)

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