“Growth rates are directly related to energy prices and commodity prices in general and so [drought] is one of the negative risks we have in specific countries,” said European Economy Commissioner Paolo Gentiloni.
Responding to a question from Lusa after the presentation of the autumn macroeconomic forecasts in Brussels, the official added: “We have experience, both in Portugal and in Spain, of the impact on hydroelectric energy and the energy mix”.
In the chapter on Portugal, the European Commission notes that “risks to growth prospects remain significantly on the negative side in light of the uncertain global environment and country-specific risks related to the severe drought in the Iberian Peninsula, which could have prolonged repercussions in the domestic food supply”.
According to Brussels, “after a strong recovery, the Portuguese economy is expected to slow down substantially in the short term, limited by weak external demand and high energy prices”.
So who's lying now?
"Portugal prime minister António Costa opened the two-day debate on the government’s 2023 State Budget yesterday promising:
-Economic growth above the EU average until 2026
Stability, confidence and commitment
Convergence with the EU
More social justice"
By Fred Doe from Algarve on 13 Nov 2022, 08:30
You have it backwards, the constant
pursuit of cancerous growth is what is causing drought, among many other issues.
By Zé from Other on 13 Nov 2022, 13:28