Endividamento - Antonio Gaspar

Portugal Economic Outlook

Detailed GDP data confirmed that the economy grew at a solid rate in the final quarter of last year, propelled by a surge in export growth.

Available information for the start of 2018 suggests that the solid momentum spilled over into the new year. Industrial production growth gained steam in January, and the unemployment rate edged down to a multi-year low in the same month.

The economy staged an impressive turnaround from crisis in recent years, and growth surged to a nearly two-decade high in 2017, in part thanks to a thriving tourism sector.

Although high public debt levels remain a cause for concern, the government has taken steps to reduce imbalances.
In March, the European Commission removed Portugal from its list of countries with excessive economic imbalances.