Living standards in Portugal dropped to 1990 level


According to CIA World Factbook, despite the growing exports, attributed to internal devaluation policies, industrial production in the country fell by 1.3 percent in 2014.

Portugal is the member state with the highest proportionate number of migrants living in another EU country

According to an economic study named, “Three Decades of European Portugal: Balance and Perspectives,” living standards in Portugal fell to 1990 level.

The Portugal news online, reported that the drop in the living standards is attributed to the internal devaluation economic policies followed by the Portuguese governments, the 2008 financial crisis and the enlargement of the European Union. Moreover, the raise in taxes, instructed by the creditors to the Portuguese governments to receive a bai...

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