German institutes cut growth forecast as Iran war drives inflation higher
Portugal's central bank has lowered its 2026 growth forecast to 1.8 percent due to the war in Iran and recent storm damage. The bank warns that the conflict is driving energy prices higher and pushing inflation up, posing significant risks to the economy.
Portugal's central bank has cut its 2026 growth forecast. The economy is now expected to expand by 1.8 percent, down from 2.3 percent previously. The war in Iran and storm damage are weighing on economic activity. Energy prices are rising, driving inflation higher. The bank warns of high uncertainty and significant risks if the conflict intensifies or prolongs.
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