“Portugal’s economy grew 6.7% in 2022, its strongest rate in 35 years, boosted by domestic demand and booming tourism, but inflation hampered demand in the last quarter in a foretaste of an expected steep slowdown this year,” according to Reuters.
After backlash, Portugal to hike public pensions by an extra 3.57% | Reuters
“In Portugal, over 1 million pensioners receive less than 500 euros per month. With inflation rampant, they have lost a considerable amount of purchasing power over the past year,” according