According to economists surveyed by Lusa, the Portuguese economy could see a mild recession in 2023, reflecting a challenging first half followed by a more favorable second, in a year defined by external developments.
This is not the central scenario, but it is accepted as possible by all the economists consulted by Lusa, who warn of the impact of international developments, namely the evolution of the war and a recession in the country’s main trading partners.
“It is unlikely that our country will be able to escape the recession expected in most of our major trading partners. The most favorable side is that this recession could be superficial and relatively short – maybe only two quarters”, Pedro Braz Teixeira predicts. , Director of the Research Office of the Forum for Competitiveness.
The economist emphasizes: “The uncertainty is great and we can always face very negative surprises, whether it be the war or the pandemic”. For this reason, the institution maintains its forecast for the evolution of the Portuguese gross domestic product (GDP) between -2% and 1% in 2023.
Source: DN
