The war in the Middle East could trigger the greatest energy crisis of modern times, with a direct impact on inflation, public debt, and interest rates. The IMF has revised global growth downwards and anticipates a worsening of prices, warning of increased risks for countries most dependent on raw materials from the region. For Portugal, it forecasts growth below 2% and inflation above 3%, leaving clear recommendations for governments regarding budgetary discipline and targeted support.
IMF warns: risk of the greatest modern energy crisis threatens growth and inflation
Tuesday, 14 April 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.
