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Economic Collapse Looms In Portugal In 1976
Lisbon reports a crisis after a failed radical movement, with unemployment soaring toward 650000 to 1000000 and inflation seen at about 50 percent. Food prices jump as shortages bite and state controls expand. Officials expect a five to six year path to recovery, with austerity measures being drafted.
MENTIONED IN THIS ARTICLE
Lisbon
Portugal
Joaquim Magalhats Mota
Next Springs
U.S
Vasco Goncalves