The Portuguese economy is expected to register the second largest economic slowdown in the Eurozone in real terms (excluding inflation), according to calculations by Dinheiro Vivo (DV) based on the new International Monetary Fund (IMF) forecasts. published yesterday (Tuesday – Friday, 11).
Amid an inflationary hangover and directly suffering from the aggressive rise in interest rates, the Portuguese economy is expected to grow at just 1% this year, 5.7 percentage points less than in 2022 (record growth of 6.7% driven by harmonized inflation, which is also the maximum, around 8.1%), according to the new forecasts of the IMF (World Economic Outlook).
Portugal’s braking power will only be surpassed by Ireland’s (which falls from a growth of 12% in 2022 to less than half, about 5.6% this year), Kristalina Georgieva’s entity indicates.
In addition, Portugal, which managed to maintain relatively low and stable unemployment levels until this new inflationary and energy crisis, is also likely to suffer from a deterioration in this indicator, with the fifth highest unemployment rate increase in the group of 20 countries on the common currency. Half a percentage point or more.
Source: DN
