The President of the Republic warned this Monday that 2023 will be “full of uncertainties” given that next year “will be much more difficult” than 2022 due to the war in Ukraine and rising inflation and interest rates.
“The fact that the war is going on, that inflation is going on and there is a certain amount of uncertainty about the duration of this situation, which carries over into the next year, all indicate that 2023 will be more challenging than 2022 and full of uncertainties. “Deep down, what is happening is that those who have to make decisions, as in the case of the European Central Bank (ECB) and other central banks, face uncertainty, take precautions,” said Marcelo Rebelo de Souza.
After speaking at the opening of the 3rd Unique Summit in Braga, the head of state answered the journalists about another increase in Euribor rates this Monday – for three, six and 12 months – to new highs. since the beginning of 2009.
“The rise and continued rise in interest rates means very big concerns about the uncertainty of 2023. Let’s hope this, marking the end of 2022 and the beginning of 2023, doesn’t last the whole year, but only part of the year, perhaps a quarter or a semester, at worst. But none of us is sure of that,” the President of the Republic stressed.
According to Marcelo Rebelo de Sousa, “in Portugal, neither in the government nor in the opposition, there is no one who can say that 2023 will be easier or comparable to 2022.”
“It will be much more difficult than 2022,” the head of state repeated.
When asked whether this scenario of uncertainties and difficulties could jeopardize the assistance of solidarity institutions to the poorest segments of the population in the future, the President of the Republic answered in the affirmative.
“Of course, without a doubt. The results we have today from the campaign [de recolha de alimentos] from Food Bank are impressive because compared to the previous campaign, they increased by 24%. This means that the Portuguese are aware of what is happening to the poorest, those who suffer the most from the crisis,” Marcelo said.
The President of the Republic shared his experience of participating in the Banco Alimentar campaign.
“For example, in jams, the quantity has increased very significantly, using the lowest prices. People didn’t stop giving, but they did their part with the cheapest products. This is probably what is happening with the vast majority of the Portuguese, which is to rethink consumption patterns, reducing this consumption, on the one hand, being aware of the rise in prices, and on the other hand, preventing the future in the face of the uncertainty that we are experiencing”, said Marcelo Rebel de Souza.
Euribor rates have started to rise more significantly since February 4, after the European Central Bank acknowledged that it could raise key interest rates again this year due to rising inflation in the eurozone, the trend has accelerated with the start of the invasion of Ukraine. v. Russia 24 February
This Monday, keeping the trend, Euribor rates rose to new highs since the beginning of 2009 in three, six and 12 months.
Author: Portuguese
Source: CM Jornal
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