Growth likely to slow in 2023 after 6.6% in 2022

The Dutch bank ING has predicted a growth for Portugal’s economy of 6.6% — a forecast that is more optimistic than the government’s own forecasts.

However, as the war in Ukraine drags on and inflation continues to rise, Portugal’s economic growth could stall in 2023.
The Dutch bank ING predicts that Portugal’s economy will grow 6.6% this year, 1% in 2023 and 1.4% in 2024.
This estimate for 2023 counters the government’s forecast for 3.3% according to its Stability Programme presented in March.
In relation to this year, the Dutch are more optimistic on the 4.9% predicted by the government in the State Budget for 2022.