The Bank of Portugal (BoP) has decided to revise its growth forecasts for Portugal’s GDP downwards from 2.7% to 2.1% because of a slowdown in export orders and reduction in consumer spending. On [...]
Portugal’s economy grew 6.8% in 2022, the highest rate since 1987 according to a recalculation made by the national statistics institute INE from 6.7% to 6.8%. During Portugal’s democratic [...]
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 [...]
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 economy should grow more in 2023 than initially expected according to the latest forecast; this time from the Portuguese school of economics and business ISEG. Taking into [...]
Measures introduced by the European Central Bank to curb inflation and reduce money supply in the Euro Zone could hamper Portugal’s economy, leading it to lose around 8% by 2025. This is [...]
