Portugal's Cabral Says Exports Are Driving Growth

Portugal's economy is experiencing rapid growth driven by exports and tourism, with a diversified range of sectors contributing, including machinery, automobiles, food products, software, and services. The growth is balanced, with internal demand increasing through consumption and investment. The economy is competitive across various sectors, from high technology to traditional industries. Consumer confidence, previously affected by austerity measures, is improving, leading to moderate consumption growth. Overall, the economy is accelerating with a balanced budget and a positive external position.

Which sectors are primarily driving the growth of the Portuguese economy?

• Healthcare and pharmaceuticals

• Machinery, automobiles, and tourism

• Textiles and agriculture

• Real estate and construction

What characterizes the current growth in the Portuguese economy?

• It is solely driven by domestic consumption.

• It is balanced with both internal demand and external competitiveness.

• It is focused only on traditional sectors.

• It relies heavily on government subsidies.

How has the Portuguese economy shown competitiveness?

• By focusing only on high technology sectors

• By being competitive across a range of sectors

• By reducing exports

• By increasing reliance on imports

What was a major factor holding back consumer spending in Portugal?

• Excessive government intervention

• Low consumer confidence due to austerity measures

• Lack of available products

• High inflation rates

How has consumer confidence changed recently in Portugal?

• It has decreased significantly.

• It has led to a drastic increase in consumption.

• It has improved, leading to a moderate increase in consumption.

• It has remained unchanged.