Brussels More Pessimistic than Government, Forecasts 1.7% Growth and 0.1% Deficit for Portugal (eco.sapo.pt)
0xBASE INTEL BRIEF
- EC forecasts Portugal growth 1.7%, deficit 0.1%
- More pessimistic than Portuguese government estimates
- Energy shock from Middle East cited
"The European Commission forecasts Portugal's GDP growth at 1.7% for 2026, with a budget deficit of 0.1% of GDP, returning to deficit after a surplus. This is more pessimistic than the Portuguese government's estimates. The forecasts factor in the energy price shock from the Middle East conflict. Portugal still grows above euro area average but faces fiscal challenges."
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