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Portuguese Market: Disposable Income Squeeze Slows Sales

Despite the issues in Europe caused by the war in Ukraine, there’s good news for Portugal’s economy with the European Commission announcing in the Growth Forecast for 2022 a growth of 5.8%, the highest in the European Union. This number is due to the economy good start in the first months of the year with a GDP of 2.6%, largely because of tourism. By Nuno Principe The unemployment rate is expected to drop from 6.6% in 2021 to 5.7% in 2022. Despite this preview due to the international…