Portugal: ‘Better prepared’ for ‘less favourable external environment’, says PM

  • Lusa
  • 19 March 2019

António Costa said this Tuesday in parliament that Portugal is "better prepared" to deal with a "less favorable external environment", addressing the concerns regarding the Portuguese GDP growth.

Portugal’s prime minister, António Costa, on Tuesday said that Portugal is ‘better prepared to deal with a less favorable external environment,’ amid “concerns on the growth rate of the Portuguese economy.”

“A less indebted economy, in families, in businesses and in the state […] a financial sector finally able to fulfill its role as a savings pickup and leverage for investment,” Costa said at the opening of a fortnightly debate at the parliament in Lisbon.

The country has “less public debt and less external debt.”

“Balanced public accounts, which will strengthen the trend towards accelerated growth of public investment” and “growing intention of greater business investment,” according to Costa.

He concluded the speech saying that “notwithstanding the external environment, the economic activity and climate indicators are rising again.”