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18 October 2011
Gloomy outlook for Portugal
Euronews.net - Portugal can expect a recession of 2.8 percent next year – its worst in three decades.
It is just one of the figures finance minister Vitor Gaspar revealed as he presented budget proposals for 2012.
They include a new austerity package designed to prevent Portugal becoming the next Greece.
Lawmakers are expected to approve the budget in a vote at the end of the month.
