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🇵🇹Portugal Issue No. 288

Portugal received the highest A+ rating from Standard & Poor’s.

The Agency forecasts GDP growth of 1.7% and is confident about the future. The energy crisis due to the problems in the Strait of Hormuz will hit weakly: local tourists spend money, and capital from the Next Generation EU program continues to invest.

Government debt will fall to 75% of GDP by 2029. Emergency support measures after the storm “Christina” and energy spending will go to zero after this year. The country's finances are under control.

#portugal #economy