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What was the major economic condition of Portugal during Sócrates' first term?

  • Inflation

  • Stagnation and difficult public finances

  • Recession

  • High National Debt

Answer

Stagnation and difficult public finances were the major economic conditions of Portugal during Sócrates' first term. Sócrates was Prime Minister of Portugal from 2005 to 2011. During his time in office, the Portuguese economy experienced a number of challenges, including the global financial crisis and the eurozone crisis.
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