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February 8, 2019
Consumption Outlook 2H18
Consumption growth, following steady progress in H2 2018, will slow to 2.1% in 2019 and to 1.8% in 2020 as a result of a lower contribution of financial wealth, a disappearance of pent-up demand and increased uncertainty. Fiscal stimuli, increased real estate wealth and steady progress in terms of financing will enable expenditure to be sustained.
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July 6, 2018
Consumption Outlook. First half 2018
Private consumption surprised on the upside in early 2018. Growth will pick up to 2.6% in 2018, slowing to 2.1% in 2019. Incomes, housing wealth and credit will continue to show strength. The fiscal impulse included in the Peruvian annual budget for 2018 will offset the increase in oil prices and the implications of the current uncertainty.
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January 29, 2018
Portugal: expansion, with issues to resolve
The prospects for the Portuguese economy are positive, although the country still has significant imbalances that could slow the pace of recovery if the reforming zeal shown in the past few years is not maintained.
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