Portugal economy among most affected by Covid-19

By TPN/Lusa, in News · 12-11-2020 09:09:00 · 3 Comments

Ratings agency Moody’s has placed Portugal among the three countries set to be most affected economically by the coronavirus pandemic.

The agency said that Portugal, along with Greece and Italy will record the greatest economic destruction due to their reliance on small business, who in turn have limited financial reserves and limited financing alternatives.

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