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Politics : THE VAST RIGHT WING CONSPIRACY -- Ignore unavailable to you. Want to Upgrade?

To: calgal who wrote (5032)	12/29/2003 11:17:12 PM
From: calgal	Read Replies (1) \| Respond to of 6358

Portuguese PM sees "solid" economic recovery in 2004 Thu Dec 25, 5:18 PM ET Add Business - AFP to My Yahoo! LISBON (AFP) - The Portuguese economy, which is expected to shrink by up to one percent this year, will enjoy a "solid" recovery in 2004 as economic activity picks up throughout Europe, Portuguese Prime Minister Jose Manuel Durao Barroso said. AFP/File Photo Related Quotes DJIA NASDAQ ^SPC 10450.00 2006.48 1109.48 +125.33 +33.34 +13.59 delayed 20 mins - disclaimer Quote Data provided by Reuters The Biggest Tech Flops An unscientific look at the biggest tech blunders ever, plus products before their time and potential flops of tomorrow. "The new year which is starting will be better, it will be the year in which the economic recovery begins," he said in his traditional Christmas message broadcast on Portuguese state television. "It is true that it will be a slow and gradual recovery, but it will also be a solid and secure recovery," he added. The Portuguese economy has contracted year-on-year for five successive quarters as exports have been hit by the strong euro currency while government spending cuts have hurt internal demand. The country's economic performance for this year is the worst among 30 nations surveyed by the Paris-based Organisation for Economic Cooperation and Development (OECD), with the economy expected to contract by 0.8 percent. The economic contraction has caused unemployment to soar to its highest levels in over five years in Portugal, already one of the European Union (news - web sites)'s poorest nations. The centre-right government's budget for 2004 however predicts the Portuguese economy will expand by between 0.5 and 1.5 percent next year. URL:http://story.news.yahoo.com/news?tmpl=story&ncid=1203&e=10&u=/afp/20031225/bs_afp/portugal_economy&sid=96001027