Portugal’s economy indebtedness level worsened in final stage of 2018, increasing by €1.6 billion in November from the previous month, up to over €723 billion.

The worsening of public sector’s debt pile is one of the main reasons behind this upward movement, according to data released by Portugal Central Bank (BdP – Banco de Portugal).

This upward trend has been witnessed for five months now and seems to continue to worsen, with November recording the highest levels of indebtedness since April 2018, when this indicator stood at €724.5 billion.

Original Story: Eco News
Photo: FreeImages.com/Pierre Amerlynck
Translation and Edition: Prime Yield