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Costa predicts “freedom” and investment records for 2021

Costa predicts freedom and investment recordsPrime Minister, Antonio Costa, said that Portugal should reach group immunity by the end of the summer, “a very important moment for the trust and total liberation of society”, and he predicts that investment records will be beaten this year.

At the ceremony for the signing of four investment tax contracts worth a total of 141 million euros, at the Centro Cultural de Belém, in Lisbon, António Costa stressed that “all forecasts” point to that between 2021 and 2022, the Portuguese economy can grow about 9%.

“It means that, at this moment – in which with the acceleration of the vaccination process we can look towards the end of this summer as being able to reach this very important moment for the trust and total liberation of society that is group immunity – we have already in execution of a set of investments that will ensure the sustained growth of the Portuguese economy, the maintenance of jobs and the creation of more and better jobs in the future, essential to absorb the unemployment created by the crisis”, he said. The PM pointed out that 2019 had been, until now, the year in which the country broke the record for foreign direct investment.

“In terms of foreign direct investment, the contracts already supported by Aicep (Agency for Investment and Foreign Trade) are already 92% of the value of the best year ever, which was 2019. We are still in July, there is still a lot of work to do, there is still the opportunity for us to break the 2019 record in 2021”, he predicted.