President predicts a bad economic scenario for Portugal in 2023

Written By Lara Silva

The President of the Portuguese Republic, Marcelo Rebelo de Sousa, has said that more information needs to be released about the economic scenario for 2023.

While he predicts a bad economic scenario for Portugal in 2023, he believes the government “would maybe benefit from explaining to the Portuguese its vision for the next year.”

The President wants predictions to be released to the government. For example, whether growth “will decrease to 1% or 2%, instead of 6% or 7%”. 

This way, according to the President, the Portuguese people can be prepared for a “bad economic scenario,” and the government can justify why it cannot “go further” with its economic support to fight inflation.

The State Budget for 2023 will be delivered in three weeks, and this occasion “is accompanied by an economic scenario,” argues President Marcelo Rebelo de Sousa.

However, the President wants the release of macroeconomic predictions to be released as soon as possible. 

The President wants many questions answered: “Will tourism continue or not continue? Will investment continue or not continue? Will consumption remain high or break?”.

These explanations need to be answered, according to the President, so that the population can understand when the government “cannot go further because what is it come looks bad.”

The President has previously said that while “acting urgently” to support families is important, so is acting “carefully because of the monitoring of economic developments.”

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