The Portuguese economy’s slowdown in growth is expected to be one of the worst in developed Europe until 2024, says the International Monetary Fund (IMF), which also cut its forecasts for this year and next.
According to the new global economic panorama (outlook), released this Tuesday from Marrakesh, Morocco, where world meetings are taking place, the IMF expects real growth of only 2.3% this year and 1.5% next year. 2.6% and 1.8% estimated in June, in Article IV (the annual assessment of the national economy).
Inflation will also be adjusted downwards, to 5.3% this year and 3.4% next year, the Fund indicates.
After an explosive growth of 6.7% last year, the recovery of the Portuguese economy is remarkable and will be one of the most pronounced between 2022 and 2024 in the group of almost thirty countries surveyed.
Only in Andorra, Ireland and Iceland is it even worse, according to Dinheiro Vivo’s calculations based on new IMF forecasts.
By 2024, Portuguese real growth will lose around 5.2 percentage points (pp).
In the group of about three dozen advanced economies in Europe, this slowdown is exceeded only by the decline in the growth rate of Andorra (minus 7.2 percentage points), Ireland (minus 6.1 points) and Iceland (minus 5.5 points).
These three countries should be able to grow 1.5%, 3.3% and 1.7% respectively next year, the institute led by Cristalina Georgieva now says.
Update in Dinheiro Vivo, your savings brand
Source: DN
