One of the worst in the world and the third worst in the eurozone, just ahead of the ‘sick’ Italy and Greece. This is the balance sheet for the growth of the Portuguese economy between 1999 – the year the euro was created – and 2026 – the last year of the International Monetary Fund’s projections released this week. A black scenario, but one that is less bleak when looking at the recovery from the pandemic crisis from 2021 onwards. It is not good – Portugal is not in the top positions in terms of growth in the eurozone, far from it – but it is also not bad – the country escapes to the last places. Using a very Portuguese expression, it is so-so.
The numbers are illuminating. Historical data up to 2020 and the IMF projections from 2021 indicate an average annual growth of the Portuguese economy of 1.1% between 1999 and 2026, indicate the Expresso calculations based on the “World Economic Outlook” database ( WEO), of the International Monetary Fund (IMF).
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