&NewLine;<p>Portugal&rsquo&semi;s Minister of State&comma; for the Economy and Digital Transition has indicated that growth in Portugal could rise by 5&&percnt; by the end of the year&comma; following strong third-quarter&period results;</p>&NewLine;&NewLine;&NewLine;&NewLine;<h2 class="wp-block-heading">Growth in Portugal to rise by 5 per cent by 2021</h2>&NewLine;&NewLine;&NewLine;&NewLine;<p>I think that economic growth will be closer to 5 per cent than to 4 per cent," said Pedro Siza Vieira in an interview on the French TV show "The economic growth will be closer to 5 per cent than to 4 per cent. <a href="https://www.rtp.pt/play/p8240/tudo-e-economia" target="_blank" rel="noreferrer noopener">Tudo é Economia</a> on RTP3 Tuesday evening&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Third-quarter results were in line with expectations&comma; "although July did not see such rigorous growth&comma; due to the pandemic situation that arose"&comma; he felt&period; On the other hand, August exceeded all expectations in virtually all business sectors&comma; in trade&comma; catering and hotels&period; </p>&NewLine;&NewLine;&NewLine;&NewLine;<p>For Pedro Siza Vieira, the pace of economic growth is meeting and perhaps even exceeding the government's expectations&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>"We are confident that&comma; from the point of view of economic growth over the&rsquo&semi;year&comma; we will exceed what was forecast&period; The&rsquo&semi;economy is performing not only better than projected&comma; but also better than most observers estimated a few months ago"&comma; he said&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The Minister recalled that "there is a very strict recovery in the economy"&comma; as demand is recovering very quickly&comma; while health restrictions have been lifted due to the pandemic&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><a href="https://vivreauportugalconsulting.com/produit/retraite-au-portugal-le-guide-2022/"><img src="https://vivreauportugalconsulting.com/wp-content/uploads/2021/09/couv-2022-642x1024.jpg" class="wp-image-8354" width="321" height="512"/></a></figure></div>&NewLine;&NewLine;&NewLine;&NewLine;<div class="wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex"></div>&NewLine;&NewLine;&NewLine;&NewLine;<p>Last week&comma; Finance Minister João Leão said that the pandemic crisis had so far had an impact of 30 billion&rsquo&semi;euros on Portuguese public debt&comma; adding that it could reach 40 billion&rsquo&semi;euros by next year&period; Also according to the Finance Minister&comma; the private sector also saw its debt increase by&rsquo&semi;around five billion euros last year&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>In an interview on RTP3&comma; the president explained that "the crisis has had a very significant impact on the debt"&comma; in particular on the debt of the&rsquo&semi;State&comma; estimating that the amount will reach "about 35 billion to 40 billion&rsquo&semi;euros" by 2022&period; João Leão pointed out that&rsquo&semi;in 2020&comma; public debt reached 133 &percnt;&comma; which&comma; he estimated&comma; "was a very high debt" for Portugal&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>According to the President of the Republic&comma; the debt reduction trajectory "will be based on the strong economic recovery" and at the same time&comma; "essential in the context of&rsquo&semi;very high debt to give confidence to the stability and financial credibility the country needs"&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>"What is crucial&comma; is to present the debt on a trajectory of production due to the strong growth of the&rsquo&semi;economy&period; This trajectory will give us all the ability to look to the&rsquo&semi;future with optimism&comma; not to look to the&rsquo&semi;future with uncertainty and dark clouds"&comma; he asserted&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The <a href="https://vivreauportugalconsulting.com/rendez-vous-dans-les-services-publics-au-portugal/" data-type="post" data-id="8327">Portugal</a> was the fastest-growing country in Europe in the second quarter&comma; the 15&comma;5 &percnt;&period; It&rsquo&semi;is the quarter in which it has seen the most growth since the historical series&period; It&rsquo&semi;is remarkable GDP growth in terms of&rsquo&semi;year and shows that&rsquo&semi;it is confirmed for the third quarter with very positive indicators that exist&period; With economic indicators&comma; namely the&rsquo&semi;evolution of retail sales&comma; ATM payments&period; This shows that&rsquo&semi;there is already a great recovery in the country&period;</p>&NewLine;
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