Cooling of global economy “threatens 30 billion euros worth of Portuguese exports”

Portuguese economy expected to slow in coming quarters – analysts

Portugal’s Forum for Competitiveness believes that the performance of the Portuguese economy will slow down markedly over the next few quarters, making it difficult to achieve the growth target set by the government. In its August outlook note, the organisation began by stating that “the next few quarters should see a clear slowdown”, stressing that for the economy to reach the government’s growth target of 2.7% in 2023, it would have to see the Gross Domestic Product (GDP) rise by 3% in the second half of the year, “requiring a strong acceleration, which is almost impossible in the current situation, both external and internal”.