United States generates opportunities of 483 million euros for Portuguese exporters

Through a stimulus package of 19 billion dollars, the North American Congress will create additional opportunities of 483 million euros for Portuguese exporters by 2022.

The new stimulus package for the North American economy approved by the Congress will create additional opportunities of 483 million euros for Portuguese exporters until 2022, an estimate from Euler Hermes indicates this Tuesday.

According to this credit insurance company, a shareholder of COSEC, the recent stimulus package approved by the US Congress will mainly benefit the sectors of energy, services, textiles and the chemical industry. Euler Hermes also estimates that "the incentive of 1.6 billion euros to the North American economy has, during the same period, an impact of 0.1% in the Portuguese Gross Domestic Product (GDP)".

According to a published study "The irony of Biden's super stimulus: USD360bn for exporters around the world", this stimulus will have a total impact of around 302 billion on exports worldwide, which includes more than 81,000 million this from Western Europe alone. The area with the most potential gains in this regard, knowing that this impact will be felt as early as 2021.