Public Finance Council projects GDP growth of 1.2% this year and inflation close to 6%

CFP points to GDP growth of 1.2% this year

The Public Finance Council speaks of a “significant slowdown” in Portuguese economic activity. Prices rise 5.9%.

Public Finance Council estimates inflation of 5.9% this year

The inflation rate will fall to 5.9% in 2023 and to 3.1% in 2024, the Public Finance Council (CFP) predicts, but warns of risks such as the war in Ukraine. In the report on the economic and budgetary outlook 2023-2027, released today, the institution chaired by Nazaré da Costa Cabral points, in a scenario of invariant policies, to a gradual reduction in inflationary pressures throughout this year and the next. In the forecasts made before the t…

Public Finance Council projects GDP growth of 1.2% this year and inflation close to 6%

The Public Finance Council updated its projections for the Portuguese economy and maintained the growth scenario this year at 1.2%, which removes fears of recession. But did you see inflation rising?