Summary
In the year ended in the 3rd quarter of 2010 the net borrowing of the Portuguese economy stood at 8.4% of GDP, minus 0.8 percentage points (p.p.) than the observed in the year ended in the previous quarter. This evolution was mainly associated to a reduction of the net borrowing of Financial and Non Financial Corporations (from 4.5% to 3.6% of GDP). The net borrowing of General Government decreased by 0.1 p.p.. The Households’ net lending decreased to 4.6% of GDP (4.8% in the previous quarter), reflecting the reduction of their saving rate from 10.8% of disposable income in the year ended in the second quarter to 10.6%.