The Portuguese government forecasts the unemployment rate will rise to 15.5 percent this year and 16 percent next year, Finance Minister Vitor Gaspar said.
After 2013, the government expects a “sustainable drop” in the unemployment rate, Gaspar said at a press conference in Lisbon today.
The government had previously forecast an increase in the unemployment rate to 14.5 percent this year before declining to 14.1 percent in 2013. The jobless rate was 12.7 percent in 2011.
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