Lisbon, May 19 (Lusa) – The Portuguese economy will see growth of 1.7% of gross domestic product (GDP) this year and of 1.4% in 2014 according to estimates released on Friday by financial ratings agency Moody’s.
The figures are below official government estimates, which point to GDP growth of 1.9% in 2018.
The budget deficit, according to Moody’s projections, is expected to increase to 2% of GDP in 2018.
Moody’s also noted high levels of public debt, estimating that these will gradually drop back, despite remaining at round 125% of GDP in 2020.
ICO/CA // CA