Coronavirus - Legal Implications: Economic Incentives

The effects of the COVID-19 pandemic on the Portuguese and world economies are as yet far from clear but will certainly be negative. In fact, there is concern that these effects may be devastating and strangle new domestic and international investments in various sectors of the economy as well as imposing serious limitations on the daily lives of people and companies in Portugal. At the moment, forecasts point to a sharp fall in economic growth, an increase in the public deficit and a rise in unemployment in Portugal.

At present, companies and independent professionals are faced with severe cash-flow and liquidity difficulties in order to meet their obligations, especially and above all relating to the need to continue to pay their employees and suppliers.

In this context, among the measures already approved and yet to be approved, the Government and Central Banks have launched economic stimulus packages worth billions of euros.

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