IMF Projects Portuguese Debt At 140 Percent Of GDP

Portugal's gross domestic product showed zero chain variation in the first quarter of the year. Portugal's economy stagnated in the first quarter of the year, according to data from the CIP released today. The chained variation in Gross Domestic Product was zero, though the figure corresponds to an annual growth rate of approximately 2.2%. Economist João Duque is analyzing whether this stagnation is due to recent storms and the war in the Middle East or other factors. The stagnation is attributed to early-year storms and the ongoing war in the Middle East, according to data released by INEC. The report was presented by Carla Jost Carvalho. Portugal's gross domestic product grew by 2.3 percent during the first three months of 2025 compared to the same period last year. The National Institute of Statistics reported a zero percent variation compared to the final quarter of 2025. This data represents the provisional figures for the national economy. The International Monetary Fund projects Portugal's public debt will reach 140 percent of GDP in 2025. This projection follows reports that inflation levels reached 3.1 percent. The source noted that the government failed to keep inflation below the 3 percent target.