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Macro - Country Economic Forecasts - Portugal

Publisher Oxford Economics
Published Mar 11, 2022
Length 9 Pages
SKU # OFE17034034

Description

Macro - Country Economic Forecasts - Portugal

We have cut our 2022 GDP growth forecast to 5% from 5.3% due to Russia's invasion of Ukraine and associated higher-for-longer energy price inflation. Still, we think Portugal will likely be among the eurozone countries least affected economically by the conflict. The structure and composition of the Portuguese electricity market are expected to continue to mitigate the rise in prices, while Portugal also has modest direct trade links with Russia and Ukraine.

Table of Contents

9 Pages
Portugal: Russia-Ukraine war prompts downward revision to growth
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

Pricing

Currency Rates
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