Portugal Economic Outlook - April.18
Data for the first quarter signals that economic growth, while still strong, likely moderated slightly from last year’s rate; in 2017, it shot up to a 17-year high on the back of soaring exports.
The most notable signs of a moderation came from a slower pace of expansion in industrial output in the first two months of the year compared to the final quarter of 2018, along with a discernible fall in retail sales growth in February.
Survey-based data reinforced the view of a cooling trend; economic sentiment continued to slide throughout the first quarter.
Nonetheless, the economy remains resilient, alongside a record-low budget deficit.
Prime Minister António Costa’s left-wing government has drawn accolades for the turnaround in growth, achieved while maintaining post-crisis fiscal discipline.
On 13 April, Finance Minister Mário Centeno presented a 2018–2022 program aimed at fiscal stability, projecting a budget surplus in 2020 that if achieved would end 25 years of uninterrupted deficits.
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.
Sem comentários:
Enviar um comentário