The government predicts an economic contraction of 1 percent in 2013, though the Paris-based Organization for Economic Cooperation and Development estimated Tuesday it will be 1.8 percent. The government forecasts that the jobless rate, currently at 15.7 percent, will climb to a record 16.4 percent next year.The country's main opposition parties, the second-largest trade union confederation and private sector association initially gave their blessing to the bailout agreement. But that consensus has evaporated amid rising unemployment and hardship, leaving the coalition government isolated.
Bailed-out Portugal Adopts Stiff Tax Hikes
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