IMF more pessimistic than Government regarding Portuguese economic growth

According to the World Economic Outlook bulletin, released this Tuesday, the IMF revised its growth estimates for this year downwards, compared to the 2% forecast in April, while the projection for 2026 was revised upwards from 1.7% to 2.1 percent.

Both estimates are below the estimate in the State Budget for 2026 (OE2026), where the PSD/CDS-PP Government predicts that the Gross Domestic Product (GDP) will grow 2% this year and 2.3% in 2026.

The IMF also has forecasts for inflation, which it predicts will be 2.2% this year and 2.1% in 2026.

As for unemployment, the institution estimates that the rate in Portugal will be 6.4% this year and 6.3% next year, while the executive, in the 2026 State Budget, points to a greater drop in the unemployment rate to 6.1% and 6%, respectively.