A BlackRock identifies strong investment opportunities in Portugal and Spain, highlighting the financial, industrial, and infrastructure sectors, with Portugal offering a “mix of stability and economic potential.”
During a presentation of the 2025 MidYear Global Outlook, André Themudo, BlackRock’s representative in Portugal, emphasized that the asset manager sees opportunities in American and Japanese stocks, and selectively in Europe, particularly in Portugal and Spain.
Portugal “positions itself as a strong contributor within the eurozone context,” with growth estimates for this year significantly “above its European peers,” reflecting solid domestic demand and a favorable investment climate.
In terms of macroeconomic indicators, expected inflation is 2.2%, “relatively controlled,” contributing to “real wage growth and stimulating daily consumption,” with the unemployment rate in Portugal standing at 6.3% and trending downward.
Additionally, the national economy has “low exposure to Donald Trump’s tariffs and a favorable macro scenario,” which ultimately “favors the Portuguese economy and investment in Portugal,” highlighted André Themudo.
Themudo stated that “Portugal currently offers an excellent mix of stability and economic potential,” with financial, industrial, and infrastructure sectors being prominent for investment.
BlackRock itself invests in Portugal, with recent data indicating investments of around 5 to 6 billion euros, including renewable parks.
In Spain, BlackRock invests approximately 80 billion euros.
