Gross Domestic Product (GDP) is expected to grow by 2.2% this year and the inflation rate is around 3%, according to estimates from the Catholic Lisbon Forecasting Lab (NECEP) today.
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07/10/2026
by
Lusa
A Catholic estimates that GDP increases by 1.5% in 2027.
The inflation rate should be 3% this year, below 3.6% reported in the third quarter, and fall to 2.4% in the following.
“ In Portugal, the annual change in the CPI [Consumer Price Index] reached 3.6% in September, the result of a very high chain variation (1.2%) due to the rise in energy prices. The transmission of this latter effect to the generality of goods and services is now more evident [...]. Thus, CPI growth should be close to 3% this year,” he explained.
Over the year, the unemployment rate is expected to be 5.7%, remaining unchanged in 2027.
Between April and June, the unemployment rate was 5.3% and in the following quarter it was 5.4%.
NECEP also said that GDP in the euro area is expected to grow by 1% this year and 1.2% by 2027.
In the second quarter of 2026, euro area GDP had grown by 1.2% and in the third quarter 1.1%.
The inflation rate in the euro area, in turn, is expected to fall to 2.9% in the accumulated 2026, compared with 3.8% in the third quarter of this year.
For 2027, the inflation rate in the Eurozone should be 2.4%.