Portugal

Uncertainty in external environment threatens to weaken demand and generate economic slowdown

The country continues on a positive economic and political trajectory in the run-up to next year's elections

Despite relying on a seemingly unstable left-wing alliance, the government has surpassed expectations

Mainstream left-wing parties have faced long-term decline but could reverse the trend in some countries

Lower subsidies and less favourable investment conditions threaten Portugal’s position as a leader in renewables

Though largely austerity-driven, the 2017 budget satisfies the government's left-wing allies

Portugal has escaped EU fines for now, but further austerity measures may be necessary

Failure to accelerate productivity growth may hamper short-term benefits of cheaper fuel