Government still sees 1.5% growth within reach despite lower forecast

Portugal’s mnister of finance, Fernando Medina, said today that he believes the country’s gross domestic product could grow by as much as 1.5% this year, describing this as an “achievable figure” despite the more pessimistic forecasts released by the European Commission. “It’s too early in the year to make any changes to the government’s forecast on this matter,” he added. “I believe that the data we have from the last quarter, due to their knock-on effect for the year 2024, reinforces the call that the figure of 1.5% is an achievable figure.”