According to the IMF's World Economic Outlook (WEO), published today, projections for 2025 point to growth of 2%, below the 2.3% estimated in October.
In the proposed Union Budget for 2025, the executive estimates a growth in the Gross Domestic Product (GDP) of 2.1% in 2025.
For 2026, the IMF predicts a growth of 1.7% in national GDP.
The IMF also presents projections for inflation, with consumer prices falling to 1.9% in 2025 and accelerating to 2.1% in 2026.
Unemployment remains at similar levels, according to the IMF, indicating a rate of 6.4% this year and 6.3% in 2026.
Even so, the national economy continues to grow above the forecast for the euro zone this year, at 0.8%, with the IMF estimating that Germany will remain stagnant at 0%.
In the WEO, the IMF reported a “negative” shock due to the trade war generated by the US president’s tariffs and pointed to the “uncertainty” at this time in the global economic scenario.
This is America's fault. Portugal should start boycotting and taxing Americans who live here.
By Adam from Porto on 23 Apr 2025, 05:50
It's still far away from the ground reality, far far away, people are completely out of money, everyone is asking for help from everyone.
Portugal's is economy is going through its worst phase at this moment.
Fruits in farms are getting rotten on the trees, with immigration stopped, food prices will double or triple in coming days, and these are not my words, these are the words of few farmers who I met, while recording a vlog.
Companies cannot find labour and locals don't wanna work for the price companies are offering.
A T2 & T3 now starts at 1200€, this is the price Portuguese can't afford to pay, and foreigners have stopped coming into Portugal. The more I take a walk the less I see them on the streets. So I won't be surprised if the prices collapse in coming months as Portugal's Tourism industry suffered a massive Honeymoon Phase, and it's coming to an end also the work from home jobs, so Americans and Canadians have to return back to offices in their own countries.
In real Portugal's growth might be 0.9 to 1.0
By Nitin Kapoor from Lisbon on 23 Apr 2025, 07:16