Economic Outlook
Mário Centeno, the Governor of the Bank of Portugal (BdP), predicts a slowdown in the economy over the coming quarters, extending into 2026. This forecast comes amid ongoing uncertainties related to the trade war.
Centeno indicated that the BdP is likely to revise its economic projections downwards in June, reflecting the challenging global economic landscape. He emphasized the importance of not restricting political freedom while navigating these turbulent times.
The term of Mário Centeno as Governor of the Bank of Portugal ends in July this year.
As he contemplates his future, Centeno acknowledges that being reappointed could open paths to leadership within the European Central Bank (ECB), although he notes that this decision is not solely in his hands.
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