Brussels foresees a 1.4% deficit in 2018, surpassing the Government’s goal

Page created: Monday, 13 November 2017 10:04 GMT

Deficit  European Union  Forecasts  Mario Centeno

On the presentation of the Autumn Economic Forecast, the EC foresees the Portuguese economy will grow at the highest rate of the decade and that the unemployment rate will stand below Euro Area’s.c

On the report, Brussels anticipates a global deficit above the Government’s goal for next year and an unchanged structural balance of 1.8% of GDP (Mário Centeno, Portuguese Finance minister, stated there would be a 1.3% decrease). In other words, the Commission foresees the global deficit will fall less than what was promised and that even such decline, will not be obtained through structural measures, but merely from the evolution of the economic conjuncture.

“As the impact of discretionary measures and savings in interest expenditure in 2018 is expected to be broadly neutral, the structural balance is projected to remain broadly stable”, is stated in the report