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The Portuguese minister of economy, Pedro Siza Vieira, has stated that the economy of the county of Portugal can be expected to continue to grow above the average of the European Union, helped by the ability of the country to attract foreign investment.
For the past two years, the country of Portugal and its economy have been observed to have been growing above the EU average and there is no reason to doubt that this will continue in the future. – Siza Vieira has stated on Thursday in an interview for the Bloomberg Television at the Web Summit held in the city of Lisbon. He has also stated that the observed growth has been primarily driven by the exports and the investments.
While the government of Portugal expects the economy of their country to expand by two point two percent in 2019, the European Commission, on the other hand, has forecast a sharper slowdown to one pint eight percent of growth for the economy of the country of Portugal next year.
That wold be significantly slower than the projections for its expansion of one point nine percent in the Euro area and the EU.
Tourism has also helped fuel the recovery of the economy of the country of Portugal – Last year, the tourism industry of the country of Portugal has posted the fastest growth recorded since 2000.
The Portuguese minister has also stated that the Chinese investment, which has also been of a significant help to the country of Portugal when it was going through an international bailout program between the years of 2011 and 2014, remains more than welcome in Portugal.
In the month of May this year, the China Three Gorges Corp. has offered nine point one billion Euros – ten pint four billion USD – to raise its stake s in the Portuguese utility EDP – the Energias de Portugal SA -, which would be the largest Chinese overseas acquisition this year, according to the data compiled and published by the Bloomberg.
The country of Portugal is one that is open to investments from all parts of the world – the minister Siza Vieira has said – There is no denying that Chinese investments to our country have been significant over the past few years and we gladly welcome the future ones to come.”