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Credit moratoria to firms expired in December 2021, but the overdue credit ratio continues to show very low values.
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The specific shocks to the largest Portuguese firms explain a significant portion of the fluctuations of total exports of goods
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The COVID-19 pandemic has caused a significant decline in Portuguese enterprises’ activity, but there are signs of a gradual recovery in May and June
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Despite recent progress the level of digitalisation of the Portuguese economy and society remains below the European Union average
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The use of measures in response to the COVID-19 pandemic is greatest among firms with strong reductions in turnover
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The reaction of consumption to an income shock is larger for households with less resources
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The decline in labour market flows to employment in periods of economic contraction differs among groups in the population
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Financial stress indicators in Portugal and the euro area increased sharply but remained below the levels observed in the last recession
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The ECB´s asset purchase programmes improved banks’ financing conditions, an important factor under the COVID-19 pandemic
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In the short run, the impact of the COVID-19 pandemic on labour income is the highest at both ends of the disposable income distribution