The US and Israeli attack on Iran at the end of February abruptly changed the economic landscape for Portugal. The Banco de Portugal has sharply revised its growth projections for this year, now pointing to a GDP expansion of 1.8% in 2026, down 0.5 percentage points compared to...
Banco de Portugal cuts GDP growth forecast to 1.8% for 2026 and raises inflation to 2.8%
Wednesday, 25 March 2026RSS
Context & Explainers
Inflation measures how much general prices rise over time, usually reported year‑on‑year to compare a month with the same month a year earlier. Portugal’s National Institute of Statistics (INE) estimated January inflation at 1.9% year‑on‑year, down 0.3 percentage points from December, which affects rents, wages and everyday purchasing power for residents.
