The Portuguese finance minister believes the country could exceed the 4% target set out in the Stability Programme in the second half of the year.
Portugal’s finance minister, João Leão, said on Wednesday in Lisbon that the economic recovery will be “robust” in the second half of the year, and could exceed the 4% target set out in the Stability Programme, despite the impact of the pandemic.
“The delta variant is causing the number of cases to increase, despite this we are confident that the economic recovery will be robust in the second half and that growth may be above what was in the Stability Programme,” said João Leão, as he entered the recovery summit at the CCB, the logistics centre of the Portuguese presidency of the Council of the European Union.
He also said that he expected the recovery to exceed 4%, although he noted that it was still “uncertain” to predict evolution.
The Recovery Summit, the last political event of the Portuguese presidency of the Council of the European Union, takes place this afternoon at the Centro Cultural de Belém, in Lisbon, organised by the Finance Ministry.