The Forum for Competitiveness estimates that the Portuguese economy grew by 1.9% in 2025 and will accelerate to 2.0%–2.3% this year, benefiting from generally favourable cyclical conditions and the final stimulus from the PRR (Recovery and Resilience Plan). "In cyclical terms, 2026 even appears somewhat more favourable for Portugal than 2025, the ...
Forum for Competitiveness forecasts GDP will grow 2.0% to 2.3% this year
Tuesday, 6 January 2026RSS
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Context & Explainers
The Recovery and Resilience Plan (Plano de Recuperação e Resiliência) is Portugal's national programme under the EU's NextGenerationEU to fund reforms and investments after COVID‑19; the plan includes roughly €16.6 billion in grants plus about €2.7 billion in loans approved in 2021. Payments are tied to specific milestones and targets — which the government said it is politically committed to meet — so missed milestones can delay projects and funding that affect public works, contractors and local services.
