Brussels revises Portuguese GDP growth upwards to 2.4% this year

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Brussels today revised upwards the growth projection for the Portuguese economy this year to 2.4%, the third highest rate in the euro zone, helped by tourism, revealing itself more optimistic than the Government.

In the spring economic forecasts, the European Commission improved the Portuguese Gross Domestic Product (GDP) growth projection for this year from the 1% forecast in February and kept unchanged the forecast of a 1.8% rate for 2023.

The forecast for this year places Portugal in the ‘top three’ of the euro zone countries with the highest growth rate this year, along with Greece, only surpassed by Ireland (5.5%) and Malta (2.4%).

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