Content type

Portugal Political Crisis Update: Snap Elections Called, CB Governor Independence Questioned, Further Resignations

Country Risk / Portugal / Tue 14 Nov, 2023

Key View

  • Following the sudden resignation on November 7 by Portuguese Prime Minister António Costa amid an evolving apparent corruption scandal, the Socialist Party (PS) government has travelled further down the road to collapse.
  • Snap elections have been called for March 10, which still offers the PS government an opportunity to pass its
Read More

Portuguese Tourism Trade To Drive Current Account Surplus

Country Risk / Portugal / Fri 25 Aug, 2023

Key View

  • We have revised our 2023 current account forecast for Portugal from -0.2% of GDP to +1.5% after a strong start to the year, with a surplus of 1.8% of GDP in H123. We have also amended upward our 2024 current account forecast from a surplus of +1.3% to +1.8%.
  • Lower energy prices have supported lower goods imports in the first half
Read More

Tourism To Support Portuguese Growth, Industry A Drag

Country Risk / Portugal / Thu 17 Aug, 2023

Key View

  • We have slightly lowered our Portuguese 2023 real GDP forecast from 2.7% to 2.5% following the release of Q223 data. The economy flatlined at Q1 levels, whereas we had expected an expansion of 0.1% q-o-q.
  • The Q2 undershoot only mechanically took 0.1pp off our 2023 GDP forecast. The rest of the reduction to our forecast derives
Read More

Portugal EV Profile: Enhanced Charging Infrastructure And Continuity Of Incentives To Sustain Shift To E-Mobility

Autos / Portugal / Mon 15 May, 2023

Key View: We hold an upbeat outlook for Portugal's electric vehicle (EV) market in both the near and medium terms. We believe that the arrival of new Mainland Chinese EV brands in 2023 will further boost growth in the domestic passenger EV market. This is because we believe that many consumers, which have traditionally owned internal combustion

Read More

Portuguese Government To Weather Latest In TAP Crisis

Country Risk / Portugal / Thu 04 May, 2023

Key View

  • On May 2 2023, Portugal’s Infrastructure Minister Joao Galamba tendered his resignation over the alleged national airline TAP scandal; however, Prime Minister Antonio Costa refused to accept the resignation, in spite of it being supported by President Marcelo Rebelo de Sousa.
  • We retain our view that the government will manage the
Read More
Download Indicator Summary
 

Thank you. Your download link will be emailed to you shortly.

Download Now
 

Thank you. Your download link will be emailed to you shortly.

Download Now
 

Thank you. Your download link will be emailed to you shortly.

Clearbit Form
 

Thank you. Your download link will be emailed to you shortly.