Bank of Portugal downgrades growth hopes for 2025
Expectations that Portugal can grow its economy beyond 1.6% for 2025 continue to be limited according to the Bank of Portugal’s May bulletin after its downward revision to 1.6% last week from [...]
Just why was Pedro Reis removed from the Ministry of the Economy?
Opinion: Chris Graeme He was competent, had good ideas, worked hard at bringing in new overseas markets for Portuguese companies, and identified failures in the speed and distribution of European [...]
Portugal’s net overseas debt falls to 43.9% of GDP in March
Portugal’s net external debt fell to 43.9% of GDP in the first quarter of this year, the lowest level since December 2004, representing €126.9Bn, the Bank of Portugal (BdP) announced on Tuesday. [...]
Tariffs threaten employment in the Algarve and North of Portugal
A study from Bruegel has compared the effects of US tariffs on employment at a regional level in the European Union and suggests that the impact in the North of Portugal and the Algarve regions [...]
Portugal’s GDP falls 0.5% in 1Q QoQ
Economic growth in Portugal slowed to 1.6% in the first quarter compared to the same period in 2024 according to statistics published by the country’s National Statistics Institute (INE) [...]
In Agriculture, AICEP, AIMA, Budget Deficit, Budget surplus, Business, Business associations, Competitiveness, Economy, ICPT, Justice, Labour, News, Tax
Posted The 10 hurdles strangling Portugal’s economic growth and productivity
Text: Chris Graeme Photo: Fernando Bento (ICPT) Low productivity is one of the main stumbling blocks to economic growth in Portugal according to Portugal’s Minister of Finances, Joaquim Miranda [...]
AICEP approves €300 million industrial investment package for four companies
Portugal’s overseas investment bureau AICEP has approved a €300 million package to support four companies – Coloplast, Biotek, Presh and Testo, creating 152 new jobs and securing the [...]
IMF optimistic for Portugal in 2025 with 0.5% surplus forecast
The International Monetary Fund (IMF) painted a more rosy picture than the government’s for Portugal’s economic performance this year, predicting an 0.5% surplus with continuing modest surpluses [...]
Portugal’s Recovery and Resilience plan has paid out €7.4Bn to date
Around €7.4Bn from the European funding of grants and loans that make up the country’s Recovery and Resilience Plan has been paid out to its beneficiaries to date. The figure represents 34% of [...]
Portugal more exposed to US tariffs than other European countries says Nobel Prize economist
Nobel Prize winning economist Paul Krugman says Portugal is more exposed than larger European economies to US tariffs and that is a “cause for concern”. Nevertheless, he highlights the [...]
