Economy

Portugal’s economic growth stalled by the end of the second quarter with less than expected tourism figures for the summer months. A spurt in tourism in the first quarter had given an unexpected [...]

Portugal’s central bank governor Mário Centeno said this week in the United States that the European Central Bank needed to think twice before making any decisions to hike interest rates again if [...]

Experts have sounded alarm bells over the “bad management and poor application” of European Union’s NextGenerationEU Recovery and Resilience Plan funds awarded to Portugal and which total some [...]

Portugal is among the Euro Zone economies that enjoyed the best performance in the second quarter of the year. Between April and June the economy saw a like-for-like GDP growth rate of 2.3% [...]

Investment over 2022 fell 4.4% compared to 2019 with a medium-term impact of -8.8% because of the economic fallout from both the Covid-19 pandemic and the war in Ukraine. The fall was almost [...]

Portugal’s economy is starting to show some signs of cooling in exports and industrial production after a positive first quarter in which the economy’s performance exceeded expectations. [...]

The International Monetary Fund has advised Portugal that financial policies should continue to concentrate on systemic risks which it says have increased because of more restrictive financial [...]

Portugal’s recovery has slowed in the face of high energy and living costs, as well as global uncertainty. Decisive policy action and structural reforms are needed to shore up public finances, [...]

The OECD has joined the IMF and Brussels in doubling Portugal’s 2023 growth outlook from 1.0% to 2.5%. The reason? Portugal’s export order books are more buoyant than initially expected. The OECD [...]

Portugal’s Finance minster, Fernando Medina has welcomed the latest statistics from the national statistics institute INE on growth and inflation saying they offered “good prospects for 2023” [...]