Flash Notes

2024: from less to more

• 2024 begins with a relatively favourable outlook. While various indicators suggest that the pace of growth is slowing in the main developed countries and the tone is likely to remain weak for a few more months, all indications are that the factors slowing down the pace of growth will gradually dissipate over the next few quarters, which should give way to growing dynamism in the economy, both globally and in the Portuguese economy.
• As has been customary in recent years, the uncertainty surrounding the forecast scenario is very high, but the working hypotheses that currently appear most reasonable allow us to be cautiously optimistic. Although the year begins with several indicators that point to a moderation in the pace of growth, 2024 should go from «less to more».