The economy surprised on the upside in 2024 and the prospects 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: in a scenario of zero growth in all quarters of 2025, the economy will move forward by 1.3%, but this is not a likely scenario, given the existing growth support factors - NG EU funds, robust labour market, income recovery - so we have revised the growth forecast for 2025 from 2.3% to 2.4%. This revision was followed by a downward revision of qoq average growth to 0.45% (previously 0.65%), incorporating a more conservative stance, because of the international environment presents some risk factors with a potentially unfavourable impact on activity.
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.