Portugal Market Review, December 2019: annual sales volumes down 32% y-o-y

One hundred and six products worth €1.8 billion struck between January 1 and December 31 2019, 18 products less than in full year 2018 and a 32% decrease in sales volumes. The Portuguese Government has allocated more funds to Novo Banco as it is estimated that the recapitalisation of the bank by the Resolution Fund will need a further €600m in 2020, according to the State Budget Proposal Report (OE 2020). The Resolution Fund, a structure created in 2012 with contributions from Portug