The new forecasts from the International Monetary Fund place Portugal among the ten European economies with the best economic performance forecast for 2026. According to the World Economic Outlook report, the country is expected to grow 2.1% this year, almost double the eurozone average. The news is positive and signals that the Portuguese economy is resisting global uncertainties well and consolidating a path of stability.

In an international scenario marked by trade tensions, climate challenges and an uneven recovery between regions, the fact that Portugal stands out on the growth side is a reason for confidence. The IMF projects a moderate global expansion, around 3%, but European economies remain stuck at a slower pace. Portugal's ability to grow above this average shows that the country is benefiting from investment, tourism, exports and a context of more controlled inflation.

However, it is important to look at these predictions realistically. The growth is encouraging, but it does not dispense with structural reforms. Productivity remains the main national challenge. To ensure that the country maintains this trajectory, it is essential to invest in innovation, training and administrative simplification. Companies need a more favorable environment to invest and the State has to act as a facilitator, reducing bureaucracy and speeding up decisions.

Investing in value-added sectors, such as technology, clean energy, precision industry, logistics and sustainable tourism, is the natural way to consolidate growth. This is where Portugal can transform a good economic cycle into a qualitative leap in competitiveness.

The IMF report also warns of risks that cannot be ignored. Portuguese exports remain very dependent on Spain and other European partners, which are expected to grow little in the coming years. It will be essential to diversify markets, strengthening links with emerging economies in Asia, Africa and the Middle East, where dynamism is greater and opportunities are real.

Another point of attention is the balance of public accounts. Nominal GDP growth will be crucial to reducing the debt burden and maintaining the country's financial credibility. It is positive that debt continues to fall, but this trajectory will only be sustainable if it is accompanied by a productive and innovative economy.

Portugal is in a good moment, but the challenge is to turn it into a solid base for the future. Entering the top ten of European growth is a sign of progress, but not a point of arrival. The next step is to ensure that this growth translates into better wages, more investment and a higher quality of life for all.

Disclaimer: Article created with the assistance of AI.