This Friday, the Banco de Portugal maintained its growth forecast for the Portuguese economy at 2% this year, but forecasts a reduction in the budget surplus to 1% of GDP.
The forecasts are contained in the Economic Bulletin published this Friday by the institution headed by Mario Centeno.
The Bank of Portugal (BdP) maintained its forecast for economic growth at 2% this year, the same figure it predicted in March.
Analysts estimate that the unemployment rate will remain at 6.6%.
In terms of fiscal forecasts, the Bank of Portugal estimates that “the fiscal balance is expected to worsen in the coming years” and that it will remain at 1% of gross domestic product (GDP) in 2024, below 1.2% of GDP in 2023. .
The budget surplus is still expected to decline to 0.8% in 2025 and 0.6% in 2026.
However, the organization led by Mario Centeno warns that these calculations do not include measures with budgetary implications that have been adopted during this time.
“Since the close of information, several policies have been announced and approved with significant and ongoing budget implications that are not accounted for,” he states.