The economy surprised on the upside in 2024 and the perspectives for 2025 improved
The economy surprised on the upside in 2024 and the perspectives for 2025 improved. GDP grew 1.9% in 2024, after the 1.5% qoq increase in the last quarter of 2024. For 2025, the economy is seen to remain resilient, driven by private consumption supported by strong gains in disposable income and robust labour market; investment, that should accelerate taking advantage of the acceleration of RRP and news that a significant amount of investments have been contracted between AICEP (Agency for Investment and Foreign Trade of Portugal) and private companies. More specifically, contracts worth 420 million euros were signed, and are scheduled to begin in 2025 and extending over the next 10 years. Other growth supporters are tourism and exports, as Spain (the main trade partner of Portugal) is expected to show a robust growth.
BANCO BPI, S.A., com sede na Avenida da Boavista, 1117, 4100-129 Porto; Capital Social: € 1 293 063 324,98; matriculada na CRC Porto sob o número de matrícula PTIRNMJ 501 214 534, como o número de identificação fiscal 501 214 534. Intermediário financeiro registado na CMVM com o n° 300 e no Banco de Portugal sob o código n° 10. Agente de Seguros n.º 419527591, registado junto da Autoridade de Supervisão de Seguros e Fundos de Pensões em 21/01/2019, e autorizado a exercer atividade nos Ramos de Seguro Vida e Não Vida.