Posted 11/10/2023, 4:22:22 PM
Portuguese Snap Elections Called for March 2024 Amid Corruption Scandal, Uncertain Outlook
- Snap elections called for March 2024 after PM António Costa resigns amid corruption scandal
- Budget expected to pass before dissolution of parliament, investing EU funds into projects
- Polls suggest centre-right Social Democrats lead, but stable government doubtful
- Reforms like expat tax and TAP privatization may be delayed due to uncertainty
- Economy resilient so far, but slowing growth and structural weaknesses remain