Portugal’s economy expected to grow in second quarter
New forecasts point to stronger growth in 2026, while inflation is expected to remain close to target. By , inNews,Economy·09 Jul 2026, 16:03·0 CommentsAccording to a report released byNECEP– Católica Lisbon. . .
New forecasts point to stronger growth in 2026, while inflation is expected to remain close to target. By , inNews,Economy·09 Jul 2026, 16:03·0 CommentsAccording to a report released byNECEP– Católica Lisbon Forecasting Lab, the Portuguese economy has grown 0. 6 percent sequentially and 2. 2 percent year-on-year in the second quarter of this year, Executive Digest reports. "The majority of high-frequency indicators point to an improvement in economic activity and sentiment in recent months, now that the most critical phase of rising energy prices and disruptions in supply chains, caused by the conflict in the Middle East, has been overcome," reads the Summary of the Quarterly Economic Outlook. Revised numbersDespite these positive developments, economists caution that this estimate has difficulty incorporating the dynamics of the working-age population, which grew 0. 8% quarter-on-quarter in the second quarter. According to NECEP, the estimate for the economic growth in Portugal has been revised up from 1. 5 percent to 1. 8 percent following the performance projected for the second quarter of the year. Yearly projectionsProjections for 2027 remains at 1. 5 percent, and 1. 9 percent for 2028. In comparison, the eurozone economy is expected to only grow by 0. 4 percent in 2026, a downward revision of 0. 4 percentage points compared to the previous estimate. Regarding inflation, the Consumer Price Index (CPI) is expected to increase from 2. 3 percent to 2. 5 percent, remaining in line with the monetary policy target of 2 percent by the end of 2028, with an intermediate value of 2. 2 percent in 2027. From Copenhagen to the Algarve Coast, Sidsel Senius chases passport stamps and tales that connect across continents. She writes with heart, humour, and a dash of Danish charm, about the human stories that matter. Sidsel SeniusSupport The Portugal NewsWe are proud to provide our readers from around the world with independent, honest and unbiased news for free – both online and in print. Our dedicated team supports the local community, foreign residents and visitors of all nationalities through our newspaper, website, social media and our newsletter. We appreciate that not everyone can afford to pay for our services but if you are able to, we ask you tosupport The Portugal News by making a contribution – no matter how small. Be the first to comment on this articleMore in NewsRyanair flight to Porto diverts to France after declaring emergencyInNews-09 Jul 2026, 15:03Portuguese star returns to Netflix this SeptemberInNews,Arts & Culture-09 Jul 2026, 14:33Car rental sector posts “record highs”InNews,Business-09 Jul 2026, 14:03Related articlesFood prices in Portugal hit their lowest value since MarchInNews-02 Jul 2026, 17:33Cost of living remains Europeans' biggest concernInNews,Economy-01 Jul 2026, 14:03The 2026 ranking of most valuable Portuguese brandsInNews,Business-01 Jul 2026, 13:03Eurozone inflation rate slowsInNews,Economy-01 Jul 2026, 10:33What do you need to know about the digital Euro?InNews-29 Jun 2026, 17:03Portugal has opened a new door to the Blue EconomyInBusiness-29 Jun 2026, 07:01PopularAmendments to the Portugal Nationality Law double redemptions in "Golden Visa" fundsIn -26 Jun 2026, 17:03More than 1,200 foreign residents file complaint over Portugal Nationality Law changesIn -26 Jun 2026, 12:03New Nationality Law: the decree on loss of nationality in Portugal rejectedIn -03 Jul 2026, 12:47Other News ArticlesPortugal has some of the cheapest highways in EuropeInNews,Travel,Politics-09 Jul 2026, 13:33Madeira breaks tourism records with more overnight stays and more guestsInNews,Tourism-09 Jul 2026, 12:03Portugal among EU's top 10 countries for home sales growthInNews,Business-09 Jul 2026, 11:33Algarve beach awarded Gold Quality Flag 2026InNews,Environment-09 Jul 2026, 11:03Portugal will have a new universityInNews,Education-09 Jul 2026, 10:03Previous articleJorge Jesus is the new head coach of the Portugal national football team← Return to previous page