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.”

Stay up to date
Subscribe To's Newsletter

Receive the latest news, travel information, stories, offers and more!

Invalid email address
Give it a try. You can unsubscribe at any time.
Join our FB group Portugal Travel & Living for all things Portugal and news updates

Related Articles


Please enter your comment!
Please enter your name here

Follow Us


Most Popular

Lisbon’s Lost Café: The Legendary Chave D’Ouro

I first heard about the Café Chave d'Ouro (which translates in Portuguese as "Golden Key") in Neill Lochery's riveting book Lisbon: War in the...

99 Places You Cannot Miss in Portugal

From north to south, as well as in the archipelagos of Madeira and the Azores, Portugal's natural beauty and historical richness make it so...

Portugal Golden Visa: The Ultimate Guide to Portugal’s Golden Visa 2023

October 2023 Update: Portugal's Golden Visa Not Ending After All Portugal shocked the world in February 2023 when the government announced an end to Portugal’s...

Latest Articles