Good progress for the Portuguese economy at the start of 2024
Information about the first few months of this year regarding activity, employment, and inflation justifies some optimism for the year as a whole and is also confirmed by the recent revisions of scenarios by some reference entities. This confirms that 2024 will be a year of lower growth than recent years, but still one of significant expansion given all the unfavourable factors, in particular the huge increase in inflation and interest rates since mid2022, with lagged effects on activity and confidence.