On Monday, the Minister of Finance considered that the economy should grow approximately 3 %, however The fall of the gross domestic product chain In the first quarter, the highest growth of the European Union (European Union) was not surprised in the fourth quarter.
“The Portuguese economy should grow nearly 3 %, with the level of GDP,” said Jokim Miranda Sarmino, Minister of State and Finance, who was the guest speaker at a lunch promoted by the Portuguese International Club in Lisbon.
The Portuguese economy has grown by 1.6 % of similar conditions in the first three months of the year 0.5 % has been contracted In light of the previous quarter, according to the rapid estimate issued on Friday by the National Institute of Statistics (INE). The government, in the state budget until 2025, estimated 2.1 % this year, but it should be noted that AD predicts, in the total economic scenario engraved in the electoral program, which will grow by GDP by 2.4 %.
The ruler said: “In the first trimester of 2025, INE’s preliminary figures indicate a decrease in the GDP chain, which should not, despite everything, surprise us a lot.” Miranda Sarmino confirmed that, with the exception of the first chapters of 2020 and 2022, periods of Covid-19 and imprisonment, the Portuguese economy “has never grown in prison and the fourth quarter of 2024”, since Portugal entered the euro area, “and is now increasing within what is its long perspective.”
In response to a case from the former Minister of Economy Manuel Caldira Kabral, about the reasons for the fall of GDP in prison, the Minister of Finance told the final data should be known at the end of the month, but it stressed on The contribution of Noolo as an internal public prosecutor In the first quarter, “despite everything, it is reasonable given the very high growth that was in the fourth quarter.”
Miranda Sarmino also referred to the potential slowdown in investment in construction, and it is measured by the consumption of cement, whose purchases grew more than 20 % in November and December. In addition, the fall can be explained by slowdown in private consumption, the growth of private investment below and the growth of imports, which, according to the minister, may be linked to “some expectations to influence we “.
Joaquim Miranda Sarmento referred to the main brakes in the low economic growth of productivity, leading to “very low” levels of competitiveness.
The Minister of Finance, who benefited from this occasion for a general evaluation of the ruling, stressed that the purpose of this government is to “increase productivity and thus the Portuguese economy grows more, and with this greatest creation of wealth, allowing higher wages and more tax revenues for the least less tax burden.”
According to IA data, GDP record, in size, a homogeneous contrast of 1.6 % in the first quarter of 2025, after 2.8 % growth in the previous quarter. In the comparison between the series, compared to the fourth quarter of 2024, GDP decreased by 0.5 % in size after 1.4 % growth in the previous quarter.
Economists consulted by the LUSA agency made a slowdown but not intense, and the growth of the Portuguese economy in the first quarter of the year, pointing to the growth of the similar gross domestic product between 2.4 % and 2.8 % in the first quarter and 0.1 % and 0.6 % in the series comparison.
