Just Released: "Consumer Lending in Portugal"
The negative performance of the Portuguese economy in 2012 continued to hamper consumption. The high unemployment rate, combined with high levels of household debt and a continuous decline in purchasing power, were some of the main factors which contributed to further hampering consumer demand. Moreover, banks' reluctance to grant credit, as they increased funding requirements, and the emerging consumer trend towards more responsible budgeting, also played a large part in decreasing overall...
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