The European Commission forecasts that Portugal’s GDP will grow by 1.2% in 2024 and 1.8% in 2025, a downward revision of one tenth for this year, but above the average for the eurozone and the European Union.
In the winter economic forecasts, however, Brussels puts Portugal, among the single currency countries, with the second biggest slowdown in growth between 2023 and 2024 (1.1 percentage points), only surpassed by Malta (1.5 percentage points).
The EU executive predicts that Portugal’s Gross Domestic Product (GDP) will grow from 2.3% in 2023 to 1.2% in 2024 and 1.8% in 2025, compared to the 1.3% growth projected for 2024 in its autumn forecasts.
