Economist Luís Aguiar-Conraria admits he is not certain that a major recession is coming and guarantees that everything depends on the measures that will be adopted, in an analysis of the economic impacts of the war in the Middle East.
If there is an impediment to oil transport [in the strait], it is almost as if 20% of global reserves disappeared
Sunday, 15 March 2026RSS
![If there is an impediment to oil transport [in the strait], it is almost as if 20% of global reserves disappeared](https://img.iol.pt/image/id/69b73b3ed34edcee7c61e93d/200.jpg)
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.
