Better news on trade as imports fall while exports rise
Exports increased by 0.4% and imports fell by 4.5% in January compared to the same month in 2023, with the trade deficit falling by €399 million to €1.66 billion, INE
Marcelo discusses ECB’s failure to bring down interest rates
President Marcelo said yesterday that the decision of the ECB to maintain interest rates as they are (and not reduce them) “is not good news”, albeit most people were not
Portugal’s budgetary surplus shrinks as tax take falls
Much-touted ‘excedente’ drops by €934 million “For people who have become used to budgetary surpluses in Portugal, the year hasn’t started well”. This is the opening paragraph of a story
Portugal’s ratings set for straight As … after 13 years
All major ratings agencies expected to agree on critical upgrade After 13 years, Portugal should once again be rated at ‘A’ level by all the financial rating agencies. Analysts are
Consumer confidence up again in February; economic climate in reverse
Portugal’s consumer confidence indicator has continued to rise in February – according to INE statistics institute – while the economic climate indicator fell, interrupting the upward trend of the previous
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
Outlook for economy “less difficult than imagined; tougher than desired”
President Marcelo expresses ‘optimism’ for Portugal’s tourism Portugal’s president has expressed optimism that tourism will continue to overcome challenges, considering that the economic situation is less difficult than imagined a
Algarve economy “needs more than just tourism”
Tourism isn’t the problem; it’s the lack of other sectors to complement it, says NERA boss The president of the Algarve’s NERA business association has highlighted the importance of diversifying
Portuguese economy goes from €600 million deficit to €7.5 billion surplus
The Portuguese economy posted an external surplus of €7.5 billion up to November, compared to a deficit of €600 million in the same period in 2022, the Bank of Portugal
Portugal with eighth best economic performance out of 35 OCDE countries
The UK current affairs magazine The Economist has placed Portugal in eighth place out of 35 OCDE countries in terms of economic performance in its ranking. The Economist took five