Young people and women, who are widely employed in the service sectors hit hardest by the crisis, such as those linked to tourism and leisure, were especially penalized. Consumption declined by 10.7 per cent, four times the reduction in disposable income (Figure 8).
In fact, the information contained in BPI’s document was incorporated: – In the scope of supervisory investigations undertaken on Grupo ESFG; and – In the context of ETRICC2 – the review of the major economic groups that are the banking system’s debtors – which was under preparation by Banco de Portugal in early August 2013.