Data recently released by the National Statistics Institute of Portugal shows that in the first three quarters of this year, the country's fiscal deficit accounted for 5.9% of its GDP, a year-on-year decrease of 0.2 percentage points. The data indicates that in the third quarter of this year, Portugal's fiscal deficit fell significantly, accounting for only 3.6% of its GDP. In the first half of this year, the fiscal deficit accounted for 7.1% of the GDP.
The Portuguese economy has recently shown continuous positive signals. On the 10th of this month, the Bank of Portugal revised its economic growth forecast for the country this year from -1.8% to -1.5%, and expects economic growth of 0.8% next year. Portuguese Prime Minister Passos Coelho has also stated multiple times recently that Portugal does not need a second international bailout and will certainly be able to exit the bailout agreement as scheduled in June next year.Investment involves risks, the above information is for reference only
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