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.
Consultoria, aconselhamento e esclarecimento no Endividamento das Famílias e das Empresas não Financeiras. Consultadoria Estratégica Económica, Financeira e Bancária. Indebteness Consultancy for Family's and Enterprises. General Banking, Economics and Financial Strategic Consultancy.
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