LISBON (Reuters) – Portugal’s government expects the economy to contract 6.9% this year due to the impact of the coronavirus pandemic, Prime Minister Antonio Costa said on Thursday.
While presenting a range of measures to support the economy and jobs through the crisis, including a new extension of a moratorium on banking loan repayments by six months until March 2021, Costa also said unemployment was projected to rise to 9.6% this year.
(Reporting by Sergio Goncalves and Andrei Khalip)
