LISBON - WEBSUMIT 2017 - 6-9 November

https://websummit.com/?gclid=EAIaIQobChMI9Ki-m4eH1wIVoQvTCh3j-glxEAAYASAAEgLuaPD_BwE

As a "Opinion Maker" at Portuguese Television. Opinion of Economics, Finances, Strategy, Politics and Banking Management and Financial Markets.
     

Portugal Economic Growth

The economy will continue with its healthy pace of growth for the remainder of 2017, underpinned by a robust external sector and strong investment. In 2018, the economy should slow as the Eurozone cools after rapid growth in 2017.

Our analysts expect GDP to expand 2.5% in 2017 and 1.9% in 2018, which is unchanged from last month’s estimate.

Portugal Economic Outlook

The economy appears to be on track to record the best yearly performance since before the crisis.

The economic activity indicator, a proxy for GDP, showed another robust increase for fixed investment in July, as well as the strongest growth in the construction sector so far this year.

Construction has been propelled by demand from a vibrant tourism industry, which posted strong revenues throughout the summer. On 15 September, S&P Global Ratings upgraded the country’s credit rating from junk to investment grade, based on improvements in the economy and public finances.

 Portugal’s deficit dropped below 3% of GDP earlier this year and is no longer considered excessive by the European Commission.

The credit rating upgrade, an important turning point for the economy, should attract investment, which would improve financing conditions and lower borrowing costs.

 Since the upgrade, 10-year bond yields have been trading at their lowest level since January 2016.