What allows Portugal to finance at a utopian cost is a heterodoxy in monetary policy, which was confidently reinforced with the arrival of the pandemic.
The COVID-19 pandemic will affect the housing market in several dimensions. Two of them are obvious to everyone: the evaporation of tourism and the economic recession. But there are other, less obvious and more structural dimensions to take into account, which are more important.
The world is implementing the largest and most unorthodox economic experience of modern times, which is not without risks in the long run.
There is increasing evidence that the crisis caused by this pandemic may not be as deep as some feared, or as some economic indicators still suggest.
Although the stock market is usually the one that attracts the most attention in these moments of uncertainty, it is for the credit market that we should look in the coming days / weeks.
Oddly enough, at least in public markets, the feeling of most investors does not seem to be euphoria / greed but rather fear / precaution.
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