Top of the agenda: what will mark the news this Thursday

The topic highlighted this Thursday is the meeting with the governors of the European Central Bank. In the Assembly of the Republic, the day will be marked by hearings to the Court of Auditors and the Minister of Science on the State Budget for 2021. INE will publish statistics regarding companies, tourism and unemployment.


This Thursday, October 29, the featured event will be the meeting of Governors of the European Central Bank

Among the main themes that the Board of Governors has on the agenda is deflation and the impact of a second wave of the pandemic in the euro area. Analysts do not foresee changes to the ECB's emergency debt purchase program at this meeting, anticipating that the central bank should only move forward with news in December, but attention will be focused on what Christine Lagarde might signal at the press conference after the meeting .

Other events in focus:

  • At 11 am, at the Assembly of the Republic, a hearing will be held with the Court of Auditors on the State Budget (OE) for 00; at 2021:16, the hearing with the Minister of Science on OE 00;
  • INE will publish Business and Consumer Surveys; data on tourist activity; monthly employment and unemployment estimates, as well as housing price statistics at the local level;
  • Eurostat will release quarterly statistics on the sale of homes;
  • European Commission publishes consumer and business confidence indexes for the euro area in October;
  • The estimate of US GDP in the third quarter will be known.



OECD says world economy will contract 4,2% in 2020, recovering 4,2% and 3,7% in the following years

China will concentrate a third of world growth in 2021 and is the only major economy to end 2020 on a positive note. The eurozone is down 7,5% this year, and in the following years it will have, like the United States, “a contribution less than its weight in the world economy” when it comes to recovery.

OECD expects the Portuguese economy to grow only 1,7% in 2021 and 1,9% in 2022

“Economic Outlook” foresees a slower recovery of the national economy than expected by the Government and a peak in unemployment next year. But it revises downward the drop in GDP in 2020, pointing to 8,4%.

Eurozone economy needs more support with second wave, considers IMF

"With the second wave, national fiscal policies are likely to need general support for longer than initially estimated," said the IMF, in its review of the eurozone economy.