Bank of Portugal (BdP) Governor Mario Centeno said this Friday that Portugal’s financial slump must be maintained to guard against a future crisis, rather than exhaust it immediately.
“The forecast we present today brings good news, but the implementation of economic policies must preserve the financial cushion between the country and the next crisis,” Mario Centeno said at the launch of the March Economic Update in Lisbon.
According to Centeno, he is confident that there will be a crisis in the future, whenever it happens, so the country “cannot miss the opportunity during a period of economic growth to continue preparing for the future.”
“Existing financial margins should be put at the service of the future, not consumed in the present,” he said.
The Bank of Portugal published its March economic update this Friday, revising upward its forecast for growth of the Portuguese economy this year to 2% compared to what it expected in December, which is higher than what was recorded in OE2024 and what the Prime Minister expected -minister candidate Luis Montenegro.
He is even more optimistic about the pace of inflation’s decline, predicting the rate will fall to 2.4% this year despite temporary impacts on food and energy prices, it announced this Friday.
Author: Lusa
Source: CM Jornal
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