IMF contradicts Government control. Portugal is expected to grow 4.4% this year and 5.1% next year
The Portuguese economy is expected to grow 4.4% this year and 5.1% in 2022, slowing the pace of growth to 1.8% in 2023, according to the upward revisions of the International Monetary Fund (IMF) released this Tuesday. fair.
According to current World Economic Forecasts, which forecast growth expected for 2021 on the rise compared to the 3.9% indicated in April, the IMF also points out that the Portuguese economy will grow 4.8% in the fourth quarter of this year and 2.3% in the fourth quarter of 2022.
The rates contrast with those released today by the Government under the State Budget, which point to a growth of 4.8% in 2021 and 5.5% in 2022.
As for information, the Washington-based institution points to a tenth of growth per year in the near future, starting at 1.2% this year, 1.3% next year and culminating at 1.4% in 2023.
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As a function of the Government to increase prices, they point to a stabilization of 0.9% in 2021 and 2022.
The IMF also expects the Portuguese current account balance to be -1.7% of Gross Domestic Product (GDP) this year, -2.1% of GDP in 2022 and reach -1.1% in 2026.
Last week, Banco de Portugal maintained its prospect of economic growth at 4.8% for 2021, similarly to what it had done in the June Economic Bulletin.
In addition to the Government, Banco de Portugal continues to be the optimistic entity regarding the evolution of the national economy this year, followed by the Public Finance Council, which expects growth of 4.7% for this year.
The European Commission points to a growth of 3.9%, and the Organization for Economic Cooperation and Development (OECD) expects a growth of 3.7%.
For 2022, the Bank of Portugal’s available funds are not yet necessary, but the OECD points to a growth of 4.9%, and the European Commission and the Public Finance Council also have 5.1%, similarly to the IMF.