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We then analyse the current situation in a Macroeconomic way, according to eight specific questions, and then we specify regarding four sectors, namely tourism, education, the public sector, and the industrial sector. We conclude that the Covid-19 is the ultimate and unexpected test to the Portuguese economy, and that it will contribute to solving the \u201cBubble vs. Miracle\u201d question. Rather curiously, we believe that the Covid-19 will accelerate the change to the \u201cMiracle\u201d society, because solving the crisis will require changes that will direct the society towards the \u201cMiracle\u201d paradigm and will distance Portugal from the old and \u201cBubble\u201d one.<\/jats:p>","DOI":"10.2478\/mmcks-2020-0028","type":"journal-article","created":{"date-parts":[[2020,11,3]],"date-time":"2020-11-03T14:40:12Z","timestamp":1604414412000},"page":"477-495","source":"Crossref","is-referenced-by-count":3,"title":["Did the Bubble Burst? The Portuguese Economy During COVID-19"],"prefix":"10.2478","volume":"15","author":[{"given":"Eduardo","family":"Tom\u00e9","sequence":"first","affiliation":[{"name":"Universidade Europeia de Lisbo , Spain"}]},{"given":"Elizaveta","family":"Gromova","sequence":"additional","affiliation":[{"name":"Peter the Great St. Petersburg Polytechnic University , Saint-Petersburg , Russia"}]},{"given":"Andrew","family":"Hatch","sequence":"additional","affiliation":[{"name":"Universidade Europeia de Lisboa , Spain"}]}],"member":"374","published-online":{"date-parts":[[2020,10,23]]},"reference":[{"key":"2024050120355799781_j_mmcks-2020-0028_ref_001_w2aab3b7c10b1b6b1ab1ab1Aa","unstructured":"Almeida F. (2020). 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