• The net lending of Portuguese economy diminished in the year ending in the third quarter of 2020, moving from 0.9% of Gross Domestic Product (GDP) in the previous quarter to an approximately nil balance. Gross Disposable Income (GDI) and nominal GDP decreased by 0.9% and 1.0% in the year ending in the third quarter of 2020 (-2.8% and -3.3% in the previous quarter, respectively).
• In the same period, the net lending of households' sector increased by 0.3 percentage points to 4.3% of GDP and the savings rate increased to 10.8% (10.5% in the previous quarter). This result reflected the 0.4% increase in GDI and the nil rate of change of private consumption.
• The balance of Non-Financial Corporations increased 1.0 percentage points in the third quarter, standing at -2.2% of GDP, mainly reflecting the 19.6% and 2.4% reduction in Income Tax and Gross Capital Formation, respectively. The net lending of Financial Corporations was stable at 1.9% of GDP.
• The balance of the General Government (GG) sector decreased by 2.1 percentage points in the year ending in the third quarter of 2020, representing a net borrowing of 4.0% of GDP. Considering quarterly figures and not the year ending in the quarter, the balance of GG in the third quarter of 2020 was -1 975.6 million euros (-3.8% of GDP, compared with -10.5% in the second quarter). Considering the first three quarters of 2020, the balance of the GG stood at -4.9% of GDP, which compares with +0.7% in the same period of 2019.

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