The European Commission upgraded Portugal’s economic growth forecasts to 1.7% this year and 1.9% next year, above the eurozone and EU average, driven by private consumption and investment.
In its published spring economic forecasts, the community leader forecasts Portugal’s gross domestic product (GDP) will grow by 1.7% this year and 1.9% in 2025, an upward revision from 1.2% in 2024 and 1.8% in 2025, expected in the February forecast. report.
Brussels thus appears more optimistic about this year than the Portuguese government, which in its Stability Program has included a growth rate of 1.5% this year, while the Bank of Portugal (BdP) forecasts GDP growth of 2%, International Monetary Fund (IMF) 1.7% and Public Finance Council (CFP) and Organization for Economic Co-operation and Development 1.6%.
Author: Lusa
Source: CM Jornal
I’m Sandra Hansen, a news website Author and Reporter for 24 News Reporters. I have over 7 years of experience in the journalism field, with an extensive background in politics and political science. My passion is to tell stories that are important to people around the globe and to engage readers with compelling content.