2 March | First reported cases of COVID-19 18 March | State of Emergency and mandatory lockdown 2 May | End of the State of Emergency 9 November | New measures of lockdown by region 13 January 2021 | Mandatory lockdown 11 March 2021 | Presentation of the strategy for gradual lockdown lifting 12 March | The Governing Council of the ECB decided to temporarily conduct additional longer-term refinancing operations (LTROs) 18 March | The Governing Council of the ECB decided to create the pandemic emergency purchase programme (PEPP) 30 April | The Governing Council of the ECB announced a new series of longer-term refinancing operations, called pandemic emergency longer-term refinancing operations (PELTROs) March | Portuguese GDP decreases 2.2% in the first quarter of 2020 compared with the first quarter of 2019 April | The average interest rate on new loans granted by banks to private individuals for consumption reaches an all-time low: 6.03% April | Largest year-on-year decline in exports of goods on record: -42,20% April | Largest year-on-year decline in imports of goods on record: -38,18% May | The average interest rate on new loans granted by banks to corporations reaches an all-time low: 1.56% June | Portuguese GDP decreases 16.3% in the second quarter of 2020 compared with the second quarter of 2019 July | Corporations indebtedness reaches the highest growth since November 2011: 2.87% September | Portuguese GDP increases 13.3% in volume in the third quarter of 2020 compared with the second quarter of 2020 October | Amount of loans granted by the Banco de Portugal in the context of the monetary policy measures defined by the ECB reaches the maximum value of 2020: 37 300 EUR millions 15 December | The 10-year Portuguese government bond yield reaches its all-time lowest value: -0.04% December | Portuguese GDP falls 7.6% in 2020. It’s the all-time sharpest reduction December | Despite the COVID-19 pandemic, Portugal preserved a positive combined current and capital accounts balance in 2020: 255.6 EUR millions December | Largest decline in in travel exports on record: 57.61% December | Amount of households indebtedness at the end of 2020 is the highest since March 2016: 141 356 EUR million December | Public debt reaches the all-time highest value: 270.4 EUR billion January 2021 | The average interest rate on new loans granted by banks to private individuals for house purchase reaches an all-time low: 0.77% January 2021 | Household deposits with resident banks reaches the highest all-time value: 162.8 EUR billion