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The European Period (1986–2017)

In: The Modern Portuguese Economy in the Twentieth and Twenty-First Centuries

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  • Luciano Amaral

    (Nova School of Business and Economics)

Abstract

This book ends almost in the same manner as it started: with a financial crisis. On 6 April 2011, the Portuguese Government requested international assistance in order to deal with its foreign financial commitments. This was the culmination of a crisis that had started in 2008, accompanying similar events around the world. But in the case of Portugal, this negative cycle was inserted into an already ongoing medium-run trend of mediocre growth. The crisis was not like in many other countries, a negative event (a “black swan”) interrupting a phase of persistent and healthy growth. It was, rather, a sort of coda into an already worrying economic situation.

Suggested Citation

  • Luciano Amaral, 2019. "The European Period (1986–2017)," Palgrave Studies in Economic History, in: The Modern Portuguese Economy in the Twentieth and Twenty-First Centuries, chapter 0, pages 265-308, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-24548-1_7
    DOI: 10.1007/978-3-030-24548-1_7
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