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IMF revises Portugal’s GDP growth to 4.4% in 2021 and 5.1% in 2022 – Environment

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IMF revises Portugal's GDP growth to 4.4% in 2021 and 5.1% in 2022 - Environment

The International Monetary Fund (IMF) has revised up its forecast for the growth of the Portuguese economy this year and next year. In 2021, GDP is expected to grow by 4.4%, and in 2022 the rate of economic activity will increase to 5.1%. The figures were released on Tuesday in the World Economic Outlook.

In April, the IMF predicted more modest growth this year (3.9%) and next (4.8%). However, compared to the government’s goals, the IMF remains a little more cautious than the finance minister.

João Leau expects GDP to grow by 4.6% this year and 5.5% in 2022. IMF data for 2021 is also slightly more cautious than data from the Public Finance Council and Banco de Portugal, which updated their forecasts in September and October, respectively. They are in line with CFP expectations for 2022 (Banco de Portugal has no updated forecasts for next year).

If IMF forecasts are confirmed, Portugal will grow more slowly than the eurozone this year, despite a deeper recession than the 2020 average. The average for the single currency is expected to rise by 5%. The Portuguese economy is expected to grow slightly more next year, as the euro will grow on average by only 4.3%.

On the labor market, the IMF expects a residual improvement in the unemployment rate. After 7% registered in 2020, the fund will decline to 6.9% in 2021 and 6.7% in 2022. Inflation is expected to be 1.2% this year and 1.3% next year. The outlook for 2022 is slightly higher than that of the government, which predicts 0.9%, using this figure as a benchmark for increasing civil servants.

Less balanced economy

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According to the IMF, the current account balance will worsen this year and next. After a deficit of 1.1% of GDP in 2020, a 1.7% deficit is expected to be recorded in 2021, increasing the imbalance to 2.1% in 2022.

The IMF does not provide a detailed analysis of the Portuguese economy, but the numbers may reflect a slower recovery in exports than imports, given the different pace of recovery in different sectors of activity.

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A BOLA – Joao Felix justifies Simeone’s bid (Atlético Madrid)

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A BOLA - Joao Felix justifies Simeone's bid (Atlético Madrid)

The Spanish press seems to have given up on João Felix’s early season. The Portuguese player is in great shape at Atletico Madrid, promising to fight for his spot and make his mark in the tournament. mattresses, after a more turbulent period in the Spanish capital.

Was hired by Benfica in 2019 for an operation that brought in 120 million euros to the treasury eagles, the Portuguese striker quickly gained attention in the first games he played for the Spanish side, with goals and influential performances for Diego Simeone’s squad.

But what seemed like João Felix’s meteoric rise was overshadowed by a string of injuries and lack of rhythm, reasons that led him to lose confidence and place in the team. mattresswho has names like Luis Suarez, Lemar, Correa or Carrasco playing in positions where the Portuguese can act.

Having decided to undergo surgery due to an injury that has plagued him since he arrived in Madrid, João Felix recently returned to the team and, as writes AS, proves the reasons why Atletico officials paid the amount they paid for it.

In the last three matches against Milan, Barcelona and Liverpool, the player played a decisive role in the attacking process of the team, playing well and giving assists. The team has always shown him good results on the field, and Felix seems to have finally taken a dominant place in Coach Simeone’s team.

The Portuguese have shown great talent in recent games and the ability to communicate with attacking players. mattress, the reasons why Luis Suarez recently praised the player: “This will be the year of Joao Felix,” the Uruguayan player guaranteed.

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Portuguese government approves proposed labor law amendments

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The government approved today (21) in the Council of Ministers a proposal to amend labor legislation, which takes into account the priorities identified in the Decent Work Agenda.


Portugal Digital with Lusa



The proposed law, approved today, said the minister under President Mariana Vieira da Silva, “continues to amend labor legislation under the Decent Work Agenda through a range of measures to promote employment and its quality, combat instability,” strengthen workers’ rights, strengthen protecting young people and improving the balance between personal, professional and family life. “

The government is making it possible to amend labor legislation at a time when this topic is also one of the central ones in the discussion of the State Budget for 2022 (OE2022) and when the approval of OE2022 is not yet guaranteed.

The proposal will now be sent to parliament, where bills by various parties are already being discussed on labor issues, namely remote work or overtime pay.

Prior to this approval, changes in labor legislation under the Decent Work Agenda were discussed by the Public Concern, and this process ended without a proposal from the government, which managed to obtain the consent of the social partners.

Fixed-term contracts and overtime

Compensation for termination of fixed-term contracts will be extended to 24 days in accordance with the proposed amendment to labor laws approved today, and the cost of overtime work in excess of 120 per year will resume in effect until 2012.

The measures were announced today by Labor Minister Ana Mendez Godinho at the end of the Council of Ministers meeting and are part of a government proposal developed under the Decent Work Agenda, which will now be sent to parliament.

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“With regard to combating unjustified volatile work and avoiding unjustified volatile work, the Council of Ministers decided to increase compensation for termination of fixed-term contracts, which is now 24 days a year,” said Minister Ana Mendes Godinho.

This measure doubles compared to 12 days a year, which are now provided for in the law, and, according to the minister, this measure is applied “for the future” from the moment it comes into force, that is, it no longer applies to contracts. during.

The proposal also includes a change in the amount of overtime pay, the restoration of amounts that were in force before the amendment of the Labor Code in 2012, in the event that overtime hours exceed 120 hours per year.

“With regard to overtime hours exceeding 120 hours per year, the amount of payment for hours valid until 2012 will be replaced,” the minister explained.

In 2012, after the amendment to the Labor Code, workers began to receive for every hour of overtime work an increase of 25% in the first hour (instead of 50% foreseen until then) and 37.5% for every hour of overtime. the next (against the previous 75%).

At the same time, the allowance for each hour of overtime work on a public holiday was reduced from 100% to 50%, and the rest period in force before that was canceled.

In 2015, a 50% reduction in pay for overtime work, work on public holidays or weekly days off was canceled, but only for situations covered by collective bargaining.

The restoration of values ​​is one of the measures that trade union centers and left-wing parties advocate.

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Check minigame titles in Portuguese

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Check minigame titles in Portuguese

Everyone already knows that Mario Party Superstars will be the first Nintendo Switch game to be fully localized in Brazilian Portuguese. But how this process is progressing is a big question.

Fortunately, Mario Party Superstars official site in Portuguese can show a preview of how the game is translated. On the game page, you can see how the minigames from the title have been adapted.

The official site divides mini-games into categories: “All against all”, “Duels”, “One against three”, “Two against two”, “Record”, “Sports and puzzles” and “Collecting coins”. In addition to the names of the minigames, the descriptions were also localized.

A highlight are some fun adaptations such as Tonto Correio, which derives from the carrier pigeon, Deton Bowser, which is a clear reference to the Deton film Ralph, Shy Guy Mandau, which originates from the game Master Mandau, and Espinhozo Bospo, which references the classic The Godfather; among other examples.

Mario Party Superstars launches on Nintendo Switch on October 29th. The game will support online matches.


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