Centeno asks for "patience" for housing construction

Mário Centeno, former governor of the Bank of Portugal, emphasized the need for patience in the recovery of the housing construction sector in Portugal, citing a mismatch between supply and demand. He noted that salaries have doubled in the past decade, increasing housing demand, but the construction sector remains underdeveloped due to past financial adjustments. Centeno also criticized U.S. economic policies under Donald Trump, suggesting they contribute to national decline. He advocated for deeper European integration and condemned anti-immigration rhetoric, arguing it hinders economic growth.