Did the Bubble Burst? The Portuguese Economy During COVID-19
In this paper we analyse the situation of the Portuguese Economy referring to the Covid-19. We start by contextualizing in the problematic “Bubble – Miracle” as described by Tomé, 2018. We then analyse the current situation in a Macroeconomic way, according to eight specific questions, and then we s...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2020-10-01
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| Series: | Management şi Marketing |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/mmcks-2020-0028 |
| _version_ | 1818529711367651328 |
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| author | Tomé Eduardo Gromova Elizaveta Hatch Andrew |
| author_facet | Tomé Eduardo Gromova Elizaveta Hatch Andrew |
| author_sort | Tomé Eduardo |
| collection | DOAJ |
| description | In this paper we analyse the situation of the Portuguese Economy referring to the Covid-19. We start by contextualizing in the problematic “Bubble – Miracle” as described by Tomé, 2018. We then analyse the current situation in a Macroeconomic way, according to eight specific questions, and then we specify regarding four sectors, namely tourism, education, the public sector, and the industrial sector. We conclude that the Covid-19 is the ultimate and unexpected test to the Portuguese economy, and that it will contribute to solving the “Bubble vs. Miracle” question. Rather curiously, we believe that the Covid-19 will accelerate the change to the “Miracle” society, because solving the crisis will require changes that will direct the society towards the “Miracle” paradigm and will distance Portugal from the old and “Bubble” one. |
| first_indexed | 2024-12-11T17:10:21Z |
| format | Article |
| id | doaj.art-bf1be5f478fb4e3fa783f2b6278ac810 |
| institution | Directory Open Access Journal |
| issn | 2069-8887 |
| language | English |
| last_indexed | 2024-12-11T17:10:21Z |
| publishDate | 2020-10-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Management şi Marketing |
| spelling | doaj.art-bf1be5f478fb4e3fa783f2b6278ac8102022-12-22T00:57:33ZengSciendoManagement şi Marketing2069-88872020-10-0115s147749510.2478/mmcks-2020-0028mmcks-2020-0028Did the Bubble Burst? The Portuguese Economy During COVID-19Tomé Eduardo0Gromova Elizaveta1Hatch Andrew2Universidade Europeia de Lisbo, SpainPeter the Great St. Petersburg Polytechnic University, Saint-Petersburg, RussiaUniversidade Europeia de Lisboa, SpainIn this paper we analyse the situation of the Portuguese Economy referring to the Covid-19. We start by contextualizing in the problematic “Bubble – Miracle” as described by Tomé, 2018. We then analyse the current situation in a Macroeconomic way, according to eight specific questions, and then we specify regarding four sectors, namely tourism, education, the public sector, and the industrial sector. We conclude that the Covid-19 is the ultimate and unexpected test to the Portuguese economy, and that it will contribute to solving the “Bubble vs. Miracle” question. Rather curiously, we believe that the Covid-19 will accelerate the change to the “Miracle” society, because solving the crisis will require changes that will direct the society towards the “Miracle” paradigm and will distance Portugal from the old and “Bubble” one.https://doi.org/10.2478/mmcks-2020-0028portuguese economycovid-19bubble burst |
| spellingShingle | Tomé Eduardo Gromova Elizaveta Hatch Andrew Did the Bubble Burst? The Portuguese Economy During COVID-19 Management şi Marketing portuguese economy covid-19 bubble burst |
| title | Did the Bubble Burst? The Portuguese Economy During COVID-19 |
| title_full | Did the Bubble Burst? The Portuguese Economy During COVID-19 |
| title_fullStr | Did the Bubble Burst? The Portuguese Economy During COVID-19 |
| title_full_unstemmed | Did the Bubble Burst? The Portuguese Economy During COVID-19 |
| title_short | Did the Bubble Burst? The Portuguese Economy During COVID-19 |
| title_sort | did the bubble burst the portuguese economy during covid 19 |
| topic | portuguese economy covid-19 bubble burst |
| url | https://doi.org/10.2478/mmcks-2020-0028 |
| work_keys_str_mv | AT tomeeduardo didthebubblebursttheportugueseeconomyduringcovid19 AT gromovaelizaveta didthebubblebursttheportugueseeconomyduringcovid19 AT hatchandrew didthebubblebursttheportugueseeconomyduringcovid19 |