Economy 52,860 Posted September 21, 2019 Share Posted September 21, 2019 https://www.bloomberg.com/news/features/2019-09-19/portugal-is-europe-s-hottest-property-market-too-hot-for-some Portugal (along with Ireland) saw the fastest economic recovery of all the affected Countries in Europe by the Eurozone crisis -Unemployment which peaked at over 17% in 2011 is now around 7% (a drop to less than half) - Exports surged - Budget is now balanced and next year Government forecasts a budget Surplus Add to this rapidly rising tourism fuelling demand for AIR BNB space and other rentals and some cities are seeing a surge in prices National home prices are up almost 10% this year the biggest increase in the EU On the downside wages have not gone up even close to as much as home prices making first time home buyers or renters the negatively affected from the housing boom Link to post Share on other sites More sharing options...
HighwayGuy 1,498 Posted September 21, 2019 Share Posted September 21, 2019 And Portugal has had a socialist government the last few years... take that socialism haters Link to post Share on other sites More sharing options...
Economy 52,860 Posted September 22, 2019 Author Share Posted September 22, 2019 19 hours ago, HighwayGuy said: And Portugal has had a socialist government the last few years... take that socialism haters The socialist government came in after the trend already started tho thats like giving credit to Trump for the economy ps: not saying the socialist government is doing bad tho. Im saying they didnt start this independantly of how they are doing now overall Link to post Share on other sites More sharing options...
HighwayGuy 1,498 Posted September 22, 2019 Share Posted September 22, 2019 13 minutes ago, Economy said: The socialist government came in after the trend already started tho thats like giving credit to Trump for the economy ps: not saying the socialist government is doing bad tho. Im saying they didnt start this independantly of how they are doing now overall Exactly... people say socialism would “wreck the economy” but it’s a perfect example of how socialism isn’t a threat to it and it means a positive future for the country... The US is facing a recession so we can definitely blame trump for that Link to post Share on other sites More sharing options...
Economy 52,860 Posted September 22, 2019 Author Share Posted September 22, 2019 Just now, HighwayGuy said: Exactly... people say socialism would “wreck the economy” but it’s a perfect example of how socialism isn’t a threat to it and it means a positive future for the country... The US is facing a recession so we can definitely blame trump for that Did u read what i said? im saying they may have managed to continue the trend and not ruin it but they didnt start this Portugal was turning around when the last Government led by Passos Coelho was still in charge As for Trump yes and no. A cyclical recession is due regardless of who was President. But i think some of his stupid policies will make a recession that would of happened regardless worse Link to post Share on other sites More sharing options...
Mistress Dita 331 Posted September 22, 2019 Share Posted September 22, 2019 And Portugal has Madonna Link to post Share on other sites More sharing options...
HighwayGuy 1,498 Posted September 22, 2019 Share Posted September 22, 2019 Just now, Economy said: Did u read what i said? im saying they may have managed to continue the trend and not ruin it but they didnt start this Portugal was turning around when the last Government led by Passos Coelho was still in charge As for Trump yes and no. A cyclical recession is due regardless of who was President. But i think some of his stupid policies will make a recession that would of happened regardless worse Exactly... It doesn’t matter that they didn’t start the trend they’re still carrying it on... now socialism haters can’t say its an immediate threat to the economy because this proves that socialist governments can work just well as right wing governments Link to post Share on other sites More sharing options...
Economy 52,860 Posted September 22, 2019 Author Share Posted September 22, 2019 Just now, HighwayGuy said: Exactly... It doesn’t matter that they didn’t start the trend they’re still carrying it on... now socialism haters can’t say its an immediate threat to the economy because this proves that socialist governments can work just well as right wing governments I also believe it can if its well managed and not taken to an extreme but i also believe these policies have a longer lag on the economy than most ppl realize. International businesses or local entrepreneurs deciding to open up shop based on taxes, regulations, education levels of populations etc its a multi year thing plus the years to open up an actual business or plant i think reighning governments do have some short term influence yes but anything that happens now has more to do with forces outside the governments control than any policies put in within the last 5 years or so Link to post Share on other sites More sharing options...
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