The organization reveals growing optimism with the Portuguese economy. Salaries and energy have a positive note

The OECD predicts that Portugal will experience growth of 2.5% in 2024, well above the forecast for the euro zone (0.9%) and even the average of the countries that make up the Organization for Cooperation and Development. economic development (1.4%).

After having predicted, in November 2022, a much more modest growth of the Portuguese economy in 2024 (1%), the OECD thus joins other international organizations which are revising upwards the projections for our country, taking into account the good performance of several indicators in recent months, such as exports.

In May, the European Commission predicted that Portugal would grow by 2.4% in 2024, while the January projection was only 1%, while the IMF, which in October 2022 indicated a modest growth of 0 .7%, turned out to be more optimistic and projected growth of 2.6%.

Also regarding the evolution of inflation in Portugal, the OECD Economic Outlook, published today, is now more optimistic: 5.7%, compared to 6.6%, in November 2022 .

Gains on real wages

According to the OECD, real wages in Portugal were the third lowest in 2022, surpassed only by Korea and Canada. The real disposable income of families even increased by almost 2% in 2022.

Regarding support for families and businesses, in order to mitigate the effects of the energy crisis resulting from the invasion of Ukraine, the OECD places Portugal as the 5th country with the best response, as a percentage of the GDP, of the 41 most developed countries in the world analyzed.