Macro - Country Economic Forecasts - Portugal

Macro - Country Economic Forecasts - Portugal

We have raised our 2023 GDP growth forecast for Portugal by 0.2ppts to 1.1% to incorporate support from a new package of fiscal measures and signs that the economy started this year on a stronger-than-expected footing. But recent global banking sector woes have resulted in additional tightening of eurozone financial conditions, reinforcing our cautious outlook for next year. We have therefore lowered our 2024 growth outlook by 0.1ppt to 1.4%.

Portugal: Near-term Growth raised but outlook remains subdued
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
Economic development
Structure of the economy
Balance of payments and Structure of trade

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