Tiago Costa and his teenage friends milling about outside a Lisbon youth training centre are surprisingly upbeat about the future of Portugal where youth unemployment has reached 37 per cent this year.
“We’ve hit the bottom, things can only getter better from here,” says Mr Costa, 17, who is confident of landing a job at a hotel by the time he finishes his three-year professional training course in tourism in 2015.
Eurozone data appear to support Mr Costa’s optimism. The bloc’s economy emerged from its longest recession this summer, factory output has expanded, exports outstrip imports and business and consumer sentiment has risen steadily since April.
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