Macau Daily Times

IMF forecasts 2022 Portuguese economic growth to be 4%

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ACCORDING to the latest World Economic Outlook by the Internatio­nal Monetary Fund (IMF), Portugal is forecast to see a 4% rise in annual Real Gross Domestic Product (GDP) this year.

The projection is relatively optimistic when compared with those for other advanced economies, such as Japan (2.4%), Korea (2.5%) and Germany (2.1%). However, the country is expected to fall behind its neighbor, Spain, which is projected to see 4.8% growth in Real GDP.

Another Lusophone country, Brazil, is expected to have only 0.8% growth in Real GDP.

The indicator for inflation, Consumer Price

Index, was also presented in the outlook, which suggested that Brazil will see an 8.2% surge this year. In contrast to that, Portugal is estimated to see about half of Brazil’s rise in consumer prices, at 4%.

An economic downturn is sweeping through the globe and turning into recession in some places. The Covid-19 pandemic was seen by many to be the major culprit of the challenge.

An earlier report by the Times highlighte­d that, according to the same IMF outlook, Macau will see 15.5% growth in Real GDP this year.

The IMF emphasized that the projection­s for the current year are based on the authoritie­s’ approved budget, as adjusted to reflect the IMF staff’s macroecono­mic forecast. Projection­s thereafter are

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