Resilience yes, but for how long?
The European economies, and that of Portugal in particular, have performed better than most observers and analysts expected. The Portuguese case has even been accompanied by significant structural improvements, reinforcing the resilience of the economy in the face of persistently high levels of inflation and a very significant increase in financing costs for families and companies. But the biggest question is whether the economy will continue to withstand present circumstances. For the time being, activity is growing at a very moderate pace, with inflation coming down due to cooling energy prices and the labour market taking some steps towards cooling as well. Let’s take a closer look.
BANCO BPI, S.A., com sede na Avenida da Boavista, 1117, 4100-129 Porto; Capital Social: € 1 293 063 324,98; matriculada na CRC Porto sob o número de matrícula PTIRNMJ 501 214 534, como o número de identificação fiscal 501 214 534. Intermediário financeiro registado na CMVM com o n° 300 e no Banco de Portugal sob o código n° 10. Agente de Seguros n.º 419527591, registado junto da Autoridade de Supervisão de Seguros e Fundos de Pensões em 21/01/2019, e autorizado a exercer atividade nos Ramos de Seguro Vida e Não Vida.