Edition 1424
20 May 2017
Edition: 1424

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Moody’s expects GDP growth of 1.7% this year, 1.4% next

by TPN/ Lusa, in News · 19-05-2017 15:45:00 · 0 Comments

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.

Moody’s expects GDP growth of 1.7% this year, 1.4% next

 

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.

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Edition 1424
20 May 2017
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