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The corporate sector’s fortunes are also picking up, Pedro Siza Vieira told Reuters.
“Exports are growing, consumption and investment are reacting very significantly and jobs are being created since April,” he said in a telephone interview.
The economy slumped 7.6% last year, and in mid-January Portugal imposed a strict lockdown, its second since the pandemic began, due to what was then the world’s worst surge in COVID-19 cases and deaths.
Most restrictions have since been progressively lifted, and the government predicted last month the economy would grow 4% in 2021.
“Right now, we are envisaging more favourable growth,” Siza Vieira said, pointing to an ongoing resumption of tourism as a significant additional factor.
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