The prime minister considered, this Friday, that the most recent estimate by the Bank of Portugal (BdP), revising economic growth from 1.8 to 2.7% in 2023, is the result of a structural transformation of the economy portuguese.
This position was conveyed by António Costa at the end of a visit to the multinational Schréder, in Carnaxide, in the municipality of Oeiras, a company considered the world leader in intelligent solutions in the lighting market.
In his brief speech, the leader of the executive referred to the evolution of qualifications in Portugal over the last 30 years and associated it with the projection now advanced by the BdP on the growth of the Portuguese economy in 2023 and in 2024.
“The BdP published today the new forecasts for economic growth for this year. It had predicted 1.8% and increased to 2.7%, which represents a big rise in the prospects for economic growth for 2023”, he maintained.
However, according to António Costa, more important than this growth estimate “is to signal that this growth is based on a structural change in the Portuguese economy”.
“The first factor that the BdP emphasizes is qualifications”, he declared, having by his side the Minister of Economy, António Costa Silva, the Deputy Secretary of State of the Prime Minister, António Mendonça Mendes, and the Mayor of Oeiras , Isaltino Morais.
According to data from Schréder, a lighting company that started its activity in Portugal in 1956, its turnover reached 50 million euros last year, it has 197 employees and 60% of industrial production is for export.
In his speech, the prime minister recalled that Schréder arrived in Portugal in the 1950s to produce lighting fixtures, and that it is therefore “a practical demonstration of the evolution of the Portuguese economy”.
“Today, this company is not limited to producing luminaires. It creates new products in Portugal. It has excellent workers, but it also has an excellent range of engineers, of which 10 have PhDs. This structural transformation that this company represents is one of the realities that is happening today in the country”, he advocated.
In this context, António Costa highlighted that the exports of car components from companies installed in Portugal “increased by 22%”.
“We are the first European country in the production of bicycles and we supply a quarter of the European bicycle market, in particular electric ones”, he pointed out, before highlighting the functionalities of a lamp that is being produced by Schréder.
“This lamp also allows you to charge electric cars and provides essential information for a more efficient management of urban space, as it provides information on humidity and climate, allowing you to manage irrigation. It also improves the regulation of the traffic light system, as it provides information on the traffic,” he specified.
In his speech, the prime minister also defended that Portuguese companies showed high resilience, claiming that they withstood two years of the covid-19 pandemic and responded positively to external shocks.
“Another very important mark is the ability we have to face unexpected shocks and with the violence of those we have known”, he maintained.
Earlier, Schréder director Nicolas Keutgen sought to highlight the research carried out by his company in Portugal, with a view to producing new products.
“We hope to have an impact not only on the Portuguese economy, but also on society and the country’s environment,” he said.