Main themes of this Friday’s Economy

Ministers meet to discuss measures to support families

The Government will meet again today in the Council of Ministers to discuss measures of social and economic support for the population affected by the pandemic of Covid-19, after on Thursday having presented a first batch of measures to implement the state of emergency.

Government and social partners meet again

The Government and the social partners are meeting today via videoconference to discuss measures for companies and workers related to the pandemic caused by the new coronavirus.

DBRS pronounces on Portugal’s rating

Three analysts interviewed by Lusa do not expect that the DBRS, in its pronouncement on the ‘rating’ to Portugal that will be known on Friday, will change its perspectives, largely due to the unexpected events associated with Covid-19.

Law suspending evictions and termination of contracts is already in effect

The law that suspends reports of lease contracts, foreclosure on houses and evictions was published on Thursday night in Diário da República and is already in effect. These measures are part of the package of exceptional and temporary measures to respond to the crisis caused by Covid-19.

ECB President expects considerable recession in the eurozone

The European Central Bank president said she expected a considerable recession in the eurozone due to the economic impact of the Covid-19 pandemic. In an opinion article published in several newspapers, Christine Lagarde said that with a large part of the economic activity at a standstill, the result would be the eurozone economy “to contract considerably”.

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