This expectation of António Costa on the evolution of the Portuguese economy over the next year was conveyed at the end of another session of the Recovery and Resilience Plan (PRR) in Motion, this one dedicated to the Social Security digitisation programme.
After noting that Portugal was in 2022 the second country in the European Union with the highest growth and that unemployment is “at historic lows”, the leader of the executive concluded that the Portuguese economy “managed to resist” last year, despite the inflationary tension.
“There are good indicators for 2023. It won't be our dream year, but it won't be a nightmare year either. We will be able to live with confidence. Fortunately, the signs are good”, declared the prime minister.
Still, on the economic and financial expectations for next year, the Prime Minister alluded to the external environment saying that “Europe helps”.
“Germany has announced that it will not be in recession this year. And not having a recession in Germany means that we will all be much better off”, he justified.
According to the Prime Minister, “with the current trend of decelerating inflation, economic expectations may be good”.
“This is fundamental, because one of the successes in Social Security, in the ability to respond to families and companies, has been the high levels of employment and the improvement in income that have allowed a sustained growth in Social Security revenues”, he added.
Who is this guy trying to fool, the world is in an economic decline
By Graham from Porto on 18 Jan 2023, 16:02
Graham, when you hear these florid speeches by our Prime Minister, or our President, or any other Politician along the same vein, - think of Pangloss in “Candide” (by Voltaire): the world falls apart all around them but Pangloss keeps saying “this is the best of all possible worlds”.
By guida from Lisbon on 19 Jan 2023, 05:49
Both of you are so right. Not having a clue comes to mind. !!!!!!
By J from Lisbon on 19 Jan 2023, 17:05
Costa the best spin doctor the world ever seen.
By Robert from Lisbon on 20 Jan 2023, 08:29