IMF forecasts Portuguese economy will grow 2.6%, with 5.6% inflation 

The International Monetary Fund (IMF) forecasts growth of the Portuguese economy of 2.6% this year and stabilisation at around 2% in the medium term – pointing to inflation of 5.6%. In the report from the fund’s Article IV mission to Portugal, published today, the institution says that after growth of 6.7% in 2022, “significantly higher” than the 3.5% of the euro zone, “real GDP (Gross Domestic Product) growth in Portugal is expected to slow over the rest of the year to an average of 2.6%, with a fall in inflation to 5.6%. In  April, in its update of world economic forecasts, the IMF had pointed to GDP growth of just 1% this year, predicting an inflation rate of 5.7%. The government, meantime, forecasts growth of just 1.8% in 2023.