The European Commission estimates that that Portuguese gross domestic product grew by 2.7 percent last year, and forecasts that it will expand by 2.2 percent this year and 1.9 percent next year.
The commission says in its Winter 2018 Economic Forecast: “Investment should continue to support growth as it benefits from improved financing conditions, increased capacity utilisation rates and higher corporate profits.”
The commission predicts that Portuguese trade will moderate this year, but says trade should still grow faster than domestic demand, which is likely to make a smaller contribution to growth than it did last year.
The annual rate of inflation in Portuguese consumer prices will be about 1.6 percent this year, roughly the same as last year, the commission forecasts.
