Two-Thirds of Portuguese Forecast Crisis Will Last 3 More Years

More than two thirds of Portuguese forecast the country’s economic crisis will last another three years, according to a study by market researcher Kantar Worldpanel.

The survey indicated 75.9 percent of Portuguese forecast their country’s economic situation will remain the same for another three years compared to 58.1 percent in a poll carried out in 2009, Kantar said in an e-mailed presentation today.

Portugal’s economy is forecast to shrink 1.9 percent in 2013 after declining an estimated 3 percent in 2012, the Bank of Portugal said on Jan. 15.

The survey was carried out by Kantar from Nov. 20 to Dec. 17 and 4,000 valid interviews were conducted via telephone or online. The margin of error is 1.5 percent, according to Ana Pereira, a spokeswoman for Kantar in Portugal.

Before it's here, it's on the Bloomberg Terminal.