Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Portugal's Social Democrats narrow gap on PM's party before election

Published 30/12/2021, 15:19
© Reuters. FILE PHOTO: Leader of Portugal's opposition Social Democrats Rui Rio takes a walkabout in central Lisbon as part of the last day of campaigning ahead of Portugal's general election, Portugal October 4, 2019. REUTERS/Rafael Marchante/File Photo
GPSI34
-

LISBON (Reuters) - Portugal's opposition Social Democrats narrowed the gap behind Prime Minister Antonio Costa's Socialist Party in an opinion poll released on Thursday, a month before a snap parliamentary election.

The poll by ICS/ISCTE pollsters published by Expresso newspaper put Costa's centre-left party on 38%, down two percentage points from their previous poll released on Nov. 13, but largely in line with other recent surveys.

The centre-right Social Democrats rose to 31% support from 26% after their leader Rui Rio saw off an internal leadership challenge last month.

The margin of error in the poll, which surveyed 901 people on Dec. 10-20, was 3.3%.

The hard-right Chega, which had just one seat in the legislature that was dissolved this month after it rejected the minority government's 2022 budget bill in October, polled at 7% and could emerge as the third-largest force in parliament.

The Communist-Greens alliance was on 6%, followed by Left Bloc, on 5%, and a number of smaller parties.

© Reuters. FILE PHOTO: Leader of Portugal's opposition Social Democrats Rui Rio takes a walkabout in central Lisbon as part of the last day of campaigning ahead of Portugal's general election, Portugal October 4, 2019. REUTERS/Rafael Marchante/File Photo

Political analysts say the Jan. 30 election alone might not solve Portugal's political impasse as no party or workable alliance is likely to achieve a stable majority, potentially undermining the country's ability to spur growth using European pandemic recovery funds.

The government will from January have to roll over this year's budget on a monthly basis. It secured solid economic growth and quashed the budget deficit before the coronavirus pandemic, and expects a strong rebound this year and next.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.