Portugal mid-table in Brussels’ growth forecast for 2019 and 2020

  • ECO News
  • 7 November 2019

The European Commission forecasts real GDP growth in Portugal of 2% in 2019 and 1.7% in 2020.

Brussels puts Portugal in the middle of the table with regard to economic growth for this and next year. The European Commission’s autumn forecasts, released this Thursday, point to a real growth of the Portuguese Gross Domestic Product (GDP) of 2% in 2019 and 1.7% in 2020.

The European Commission has thus revised upwards the growth forecast for the country, which previously stood at 1.7% this year. The forecast for 2020 remains unchanged.

Portugal appears in the middle of the table both in the forecast for GDP developments in the European Union (EU) and for the Euro Zone. Among the 28 EU Member States, Portugal ranks 15th in the growth forecast for 2019 and 17th for 2020.

In turn, in the Eurozone, the Brussels forecasts place Portugal in the 10th highest growth in 2019 and the 11th highest in 2020.

Brussels calculations point to real GDP growth in the European Union of 1.4%, both this year and next. For the Eurozone, GDP is expected to rise by 1.2%, also for 2019 and 2020.