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During the 1980s France faced economic troubles including a short recession. This led to a shift away from dirigisme, or state intervention, towards a more pragmatic approach. Economic growth resumed later in the decade but was hindered by the economic depression in the early 1990s, which affected the Socialist Party.
By the early 1970s, Portugal's fast economic growth with increasing consumption and purchase of new automobiles set the priority for improvements in transportation. Brisa – Autoestradas de Portugal was founded in 1972, and the State granted the company a 30-year concession to design, build, manage, and maintain express motorways.
The Carnation Revolution (Portuguese: Revolução dos Cravos), also known as the 25 April (Portuguese: 25 de Abril), was a military coup by military officers that overthrew the authoritarian Estado Novo government on 25 April 1974 in Lisbon, [2] producing major social, economic, territorial, demographic, and political changes in Portugal and its overseas colonies through the Processo ...
Source: Bureau of Economic Analysis The 1973–1975 recession or 1970s recession was a period of economic stagnation in much of the Western world (i.e. the United States, Canada, Western Europe, Australia, and New Zealand) during the 1970s, putting an end to the overall post–World War II economic expansion.
1970 in France. 4 languages. ... 1970s; 1980s; 1990s; See also: Other events of 1970 History of France • Timeline • Years: Events from the year 1970 in France.
The economy of Portugal is ranked 34th in the World Economic Forum's Global Competitiveness Report for 2019. [32] The great majority of the international trade is done within the European Union (EU), whose countries received 71.4% of the Portuguese exports and were the origin of 74.6% of the Portuguese imports in 2020. [33]
When new gross domestic product figures last month showed US economic growth slowed ... in the 1970s after a spike in oil prices during the Arab oil embargo. ... to that seen in the 1970s and 1980s.
The mid-1970s brought the death of Franco in Spain, and the Carnation Revolution in Portugal, which rapidly pushed both countries towards democracy. Membership talks began with both countries a few years later. Spain and Portugal acceded to the Communities on 1 January 1986. [3]