Portugal: Govt. target of 1.8% growth “plausible,” finance council says

Page created: Tuesday, 18 April 2017 15:11 GMT

CFP   GDP   Portuguese Public Finance Council

Lisbon, April 18 (Lusa) – The Public Finance Council (CFP) believes the 1.8% growth forecast for 2017 put forward by the government in the 2017-2021 Stability Programme, “appears plausible,” but warned that there are risks to growth composition in the following years.

In a report on the 2017-2021 Stability Programme published on Tuesday, the CFP said, “the projections made for 2017 appear likely, taking into account the available information, and the official projection for consumer spending may even be considered prudent.”

The CFP, headed up by Teodora Cardoso also said, “the real GDP growth projection in 2017 presented within the scenario under analysis (1.8%) appears plausible, given the assumptions made for that year and the current economic situation.”