Economy

The economist Vítor Bento, who is president of the Portuguese Banking Association, warned “an uncertain future” meant that a recession “could not be rule out” for Portugal. Bento made his [...]

The ratings agency Fitch has maintained Portugal’s rating at BBB with a positive outlook. The ‘positive outlook’ which has replaced its previous ‘stable outlook is down to [...]

Portugal’s GDP in real terms grew 11.9% in Q1 like-for-like on 2021 according to Portugal’s national statistics institute INE. The economy grew 5.9% overall. “The like-for-like increase partly [...]

Portugal’s stalwart economist Teodora Cardoso has warned that the country is, like the rest of the world, facing stagflation in the short term but says price controls are not the answer. The [...]

Export of goods from Portuguese-speaking countries to Macau – a former Portuguese colony and gateway to China – rose by 25% in January and February like-for-like on 2021. For the two [...]

The current crisis in the Ukraine and shift in the geopolitical landscape could provide Portugal with economic and trading benefits. This is according to the takeaways from speakers who took part [...]

The Bank of Portugal has warned that rising energy costs, supply chain problems, widespread sanctions against Russia over the war in Ukraine and a climate of general uncertainty could all [...]

Portugal’s minister of Finance, João Leão has warned that Russia could default on its loans by effectively paying the interest on loans in roubles. As he left a meeting of the Euro Zone’s finance [...]

Portugal’s National Statistics Institute has confirmed that the inflation rate of 4.2% in February. It was the same percentage issued in an preliminary report from the INE and represents an [...]

A former Bank of Portugal governor, Vítor Constâncio, has warned this week that interest rates will start to begin a “round of increases”. The man who was also the vice-governor of the European [...]