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INE publishes today the GDP growth in the 1st quarter
The National Institute of Statistics (INE) will release today the growth of the Portuguese economy in the first three months of the year, with economists pointing to a rate between 1% and 2.1% in year-on-year terms.
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Economia PIB
According to the latest forecasts from various economists, the Portuguese Gross Domestic Product (GDP) will have grown between 1% and 2.1%, in homologous terms, in the first quarter, after having registered an expansion of 2.1% in homologous terms in the fourth quarter of 2023 and 0.7% in chain.
The Forum for Competitiveness estimates that the Portuguese economy grew between 1% and 1.3% in the first quarter of the year compared to the homologous period and between 0.3% and 0.6% in chain, according to the economic note released in April.
On the other hand, the CIP/ISEG Barometer estimates a homologous growth of GDP between 1.7% and 2.1%, in the first quarter, and from 1.1% to 1.5% in chain, due to the growth of production in industry, construction and services.
NECEP - Católica Lisbon Forecasting Lab predicts a GDP expansion of 1.2% in the first three months of the year compared to the same period in 2023 and 0.5% in chain.
The Portuguese economy grew 2.3% in the whole of 2023, with the contribution of domestic demand, although at a lower level than in 2022, with a slowdown in private consumption and investment last year, according to data from INE.
In the 2024-2028 Stability Program, submitted by the Government to parliament, the Ministry of Finance predicts (in a scenario of unchanging policies) a growth of the Portuguese economy of 1.5% this year, in line with that projected in the State Budget for 2024 and one tenth below the macroeconomic forecasts of the Democratic Alliance (AD) in the electoral program.
Read Also: How much did the economy grow in the 1st quarter? Economists' forecasts (Portuguese version)
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