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Portugal’s GDP, a Note on the 2020 Unknowns

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  • António Afonso

Abstract

António Afonso (EconPol Europe, Lisbon School of Economics and Management of the Universidade de Lisboa) has estimated the real growth rate of GDP in Portugal in 2020 and predicts a budget deficit of around 3% or 4% of GDP, implying a break and not a fiscal regime switch. Of particular relevance, he says, is private consumption and investment, with households cutting spending significantly and an increase in government spending necessary to cover the lack of domestic demand.

Suggested Citation

  • António Afonso, 2020. "Portugal’s GDP, a Note on the 2020 Unknowns," EconPol Policy Brief 23, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    • Handle: RePEc:ces:econpb:_23
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