Católica Lisbon Forecasting Lab (NECEP) projects Portugal's GDP to grow by 2.2% in 2026 and 1.5% in 2027. Annual inflation is forecast to hit 3% this year before cooling to 2.4% next year, while the unemployment rate is expected to reach 5.7% for the year.
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The Minister of Finance announced that the 2027 State Budget will include a reduction in IRS income tax, achieved through the statutory adjustment of tax brackets, the specific deduction, and the minimum subsistence level. These changes are part of the government's ongoing tax relief strategy for the coming budget year.
The British-Portuguese Chamber of Commerce (BPCC) is hosting a members-only site visit to the Savannah Resources lithium project in Boticas on October 27. The event includes a site tour and presentation on the project's role in the European lithium supply chain.
The government launched a 30-million-euro funding program to upgrade wastewater treatment plants (ETARs) to produce water for reuse (ApR). The scheme offers up to 85% co-financing for municipalities, state and local business sectors, and utility companies across mainland Portugal, with application windows open until May 20, 2027, and September 20, 2027.