Flash Notes

23 de Abril de 2025
Monthly Report | Economic and Financial Market Outlook | April 2025

Portugal facing the Trump shock


It was hoped that 2025 would be a normal year, when the economy would stabilise after the huge shocks of recent years. The outlook is that it will be a positive year, with growth in Portugal accelerating to 2.4%. But in just a few weeks, the new tenant of the White House has managed to shake the global economy, call into question all scenarios previously on the table, and spark fears of recession in multiple countries (particularly the US).