GDP

Portugal’s budget surplus shrank by €1.062Bn to €6.215Bn because of the impact of expenditure on social benefits according to the Ministry of Finances in its budget statement for the first 10 [...]

The International Monetary Fund (IMF) has forecast that Portugal’s GDP will grow 2.3% in 2023 and 1,5% in 2024. The IMF forecasts had been more optimistic, but decided to review them downwards in [...]

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% [...]

The Bank of Portugal has revised Portugal’s growth upwards by 0.9% to 2.7% – three times higher than the EU average. Growth had been forecast at 1.8% for 2023 in March, The increase in [...]

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” [...]

Portugal had the second highest GDP growth in the European Union in the first quarter of 2023 according to a back of the envelope estimate from Eurostat on Tuesday. Only Poland enjoyed higher [...]

Portugal’s economy is growing at a higher rate than in 2019, before the Covid-19 pandemic struck. The International Monetary Fund on Tuesday raised its forecast for Portugal’s 2023 economic [...]

Despite uncertainty, indicators show that Portugal’s economy is fairing better than expected in terms of trade and GDP for the first quarter of 2023. The fall in energy prices has helped [...]

The US ratings agency is more pessimistic than the government regarding Portugal’s public debt this year and next. The agency, according to Executive Digest and Negócios, believes that Portugal [...]

Portugal’s Council of Public Finances (CFP) is optimistic that the country’s economy will grow 6.7% this year and fall back to 1.2% next year. However, the CFP also foresees that inflation will [...]