Bank of Portugal Slashes 2026 Growth Forecast to 1.8 Percent Citing Middle East Conflict and Storm Damage
Portugal's central bank cut its 2026 GDP growth forecast by 0.5 percentage points to 1.8 percent, citing the economic fallout from the US-Israel attack on Iran and damage from Storm Kristin. The first quarter is projected to see zero growth, with inflation revised upward to 2.8 percent.
