World’s largest asset manager praises Portugal’s “economic potential”
Economic growth, low exposure to Trump's tariffs and political stability are helping BlackRock defend its investment in Portugal.
The world's largest asset manager praised Portugal's “economic potential” and its economic stability compared to Spain. “We are optimistic about Portugal,” the head of BlackRock Portugal said on Thursday.
“Unemployment rate of 6.3% with a decreasing trend. We have low exposure to Trump’s tariffs. The macro scenario is favorable,” added André Themudo in a meeting with journalists in Lisbon, also highlighting inflation that favors real wage growth, economic growth and “solid domestic demand.”
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