The rating agency Moody's estimates that Angola will end this year with a public debt worth 110% of the Gross Domestic Product (GDP), channeling 28% of tax revenues just to pay the debt.
The main US indices fell in the last session of the week, despite Joe Biden's announcement of the stimulus package he wants to see approved. Banking results, which, while far from ideal, were even better than expected, pulled Wall Street down.
Dombrovskis: “Portugal is a good example of a country that took advantage of the good times in the economy to lower the debt level”
The Vice-President of the European Commission praises, in an interview with Jornal Económico, the trajectory of the reduction of the public debt to GDP ratio made by Portugal in recent years and underlines the importance of recovery plans. “It is difficult for countries to come out of this crisis alone”, he adds.
After this week having paid a negative fee to issue 10-year debt, the institution led by Cristina Casalinho will sell short-term debt for the first time this year, with terms of six and 12 months.
Only three quotes from the PSI 20 did not devalue this Friday, on a day when the trend among the main European markets was of losses. Galp and BCP led declines in the national stock exchange.
In 2020, JP Morgan Chase, the largest banking group in the United States, made a net profit of $ 29.131 million, 20% less than in 2019. In annual terms, the American banking group Citigroup made a net profit in 2020 11,370 million dollars, 41% less than the previous year. Wells Fargo's net profit in 2020 fell 83,1% to $ 3.301 million.
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