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The confetti bazooka

João Gonçalves Pereira

This week, the report by the Public Finance Council – foreseeing a drop in GDP between 7.5% and 11.8%, a deficit that could reach 9% and an unemployment rate exceeding 13% – managed to achieve finally António Costa publicly declaring evidence.

As the Prime Minister in Parliament said, the economic and social costs of covid-19 “are absolutely brutal”.

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Member of the Social Democratic Center-Popular Party (CDS-PP) to the Assembly of the Portuguese Republic*

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