Portugal

Banco de Portugal sees high growth of the economy for this year and the next

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 07/10/2026, 10:11:24 UTC.

Briefings

The Bank of Portugal revised its economic growth forecast upward for 2026, predicting 2.3% growth compared to the previous June report. This revision is attributed to the PRR recovery plan and fiscal measures, with investment expected to accelerate in 2026 before slowing in 2027. However, the Bank of Portugal warned that geopolitical tensions in the Middle East could undermine these projections by increasing energy prices and disrupting supply chains.

Key points

• The Bank of Portugal revised its economic growth forecast upward for 2026, predicting 2.3% growth compared to the previous June report.
• Investment is projected to accelerate in 2026 due to the PRR recovery plan, with public investment expected to grow 24.3% in that year.

Context

The Bank of Portugal's October bulletin, led by Álvaro Santos Pereira, revised growth forecasts upward for 2026 and 2027. The revision reflects improved conditions from the PRR recovery plan and fiscal measures, though geopolitical risks remain a key uncertainty.

Limitations

The evidence is limited to the October 2026 bulletin and June 2026 report. Forecasts for 2027 and beyond are based on the same revised assumptions, with no independent verification of future economic conditions.

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