The President of the Republic said on Tuesday that there is “light at the end of the tunnel” for Portuguese families as the country shows signs of evolution in a wide variety of areas, namely the economy. Marcelo Rebelo de Sousa stressed that the budget deficit is under control and that unemployment rates in Portugal are no longer a concern.
Recall that this Monday, the European Commission predicted the growth of the Portuguese economy by 2.6% by the end of the year, which is higher than government estimates. For Marcelo, this percentage may be even higher, given that months are approaching when tourism becomes more prominent in the national context.
“We are entering the maximum period of tourism. We have no reason not to have a higher cost,” the Head of State emphasizes.
The President of the Republic said he expects the rate of inflation, which affects the Portuguese and companies, to fall to 3/4% by the end of 2023.
According to Marcelo, “Macroeconomics is fine. The problem is getting into people’s lives.” The President referred to the efforts made by the executive branch for this purpose: the implementation of the Recovery and Resilience Plan and the adoption of measures to mitigate the impact of inflation and rising cost of living.
“Let’s see if [estas medidas] contribute to helping families and see good results,” he stressed.