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65 November, 2020 Portugal Global: 19 Availability: 42 Cost: 31 Regulation: 17 Productivity: 26 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 40) Region: 13 Availability: 26 Cost: 15 Regulation: 12 Productivity: 8 Remote Readiness 23 Remote Readiness 36 Portugal has spent $7.2 billion USD on additional spending and foregone revenues to mitigate the impacts of the pandemic. More than a quarter of this amount has been spent on the healthcare sector. To maintain livelihoods and jobs, the policies include: • Wage subsidies for furloughed workers • Financial support for businesses to reopen • Financial support for the self-employed, unemployed and parents with childcare commitments • Support for the sick and people in self-isolation • Grants for micro and small businesses and increased ease in gaining credit https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Borders are open to EU/Schengen countries/UK and countries determined by the EU. Other travellers are only permitted for essential reasons. A negative test result is required. Restrictions on moving between municipalities Social distancing and mandatory face masks. Local lockdowns in place that limit commercial establishments Schools are still generally open. 3.2% 4.7% 0% 20% Portugal Regional Ave. % of GDP Portugal Q4 2019* Q4 2020* % Change YOY Total Workforce 5.27M 5.20M -1% Unemployment Rate (%) 6.1% 7.8% +28% Unemployed Workers 322K 406K +26% Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/