CIP concerned about OECD forecasts of anemic growth of the Portuguese economy


CIP - Confederação Empresarial de Portugal expressed its concern today with the OECD projection on the evolution of the Portuguese economy, warning of the need to define an economic strategy to be pursued that avoids the realization of this scenario.

The Organization for Economic Cooperation and Development (OECD) estimates a 8.4% decrease in Portuguese Gross Domestic Product this year and a 1.7% and 1.9% growth in 2021 and 2022 respectively, at the end of this period, Portugal "would remain far from the starting point in 2019", says the CIP in a statement.
And he continues: "These projections are particularly adverse, as they point to a 4.2% decline in the global economy in 2020, but to an equal percentage growth in 2021, followed by a 3.7% growth in 2022".

Therefore, Portugal falls "twice the global recession" and has a "recovery rate that does not reach half the average of other countries", he warns.

For CIP, led by António Saraiva, if these scenarios are confirmed, the expected performance of the Portuguese economy "is very penalizing".

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