The 3% GDP growth target "has become more difficult" to achieve, admits the finance minister

The Portuguese Finance Minister acknowledged that achieving the 3% GDP growth target by the end of the legislature has become more challenging due to international conditions and unapproved reforms. Joaquim Miranda Sarmento stated that the target was set for 2029 and emphasized the need to wait for final GDP figures, noting significant revisions in past estimates. He pointed out that the international context has changed considerably and highlighted the failure to pass key reforms, such as the Labor Code, which he identified as a major competitiveness issue for the economy.