{"id":185471,"date":"2025-12-10T21:03:07","date_gmt":"2025-12-10T21:03:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/185471\/"},"modified":"2025-12-10T21:03:07","modified_gmt":"2025-12-10T21:03:07","slug":"eurozones-new-star-portugal-crowned-2025-economy-of-the-year","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/185471\/","title":{"rendered":"Eurozone&#8217;s new star: Portugal crowned 2025 &#8216;economy of the year&#8217;"},"content":{"rendered":"<p>\n  By&amp;nbspEuronews\n<\/p>\n<p>\n                    Published on                 10\/12\/2025 &#8211; 16:47 GMT+1<br \/>\n                \u2022Updated<br \/>\n                                     17:15\n                                        <\/p>\n<p>Portugal has quietly turned into the eurozone\u2019s star performer, topping The Economist&#8217;s 2025 ranking of global economies.<\/p>\n<p>It earned this distinction based on inflation, gross domestic product, jobs, and market data from the world\u2019s 36 richest countries.<\/p>\n<p>The southwestern European economy was described as being &#8220;as sweet as a pastel de nata&#8221;, a reference to the staple Portuguese custard-based pastry.<\/p>\n<p>&#8220;Portuguese investors have done well, too, with the stockmarket rising by more than 20% in 2025,&#8221; the ranking highlighted.<\/p>\n<p>Portugal was followed by Ireland and Israel. Spain, last year\u2019s winner, now shares fourth place with Colombia, followed by the Czech Republic and Greece \u2014 underscoring a broader trend of accelerating growth in southern Europe.<\/p>\n<p>&#8220;Other members of the eurozone that faced difficulties in the 2010s, including Greece (our winner in 2022 and 2023) and Spain, are also among the frontrunners,&#8221; reads the article.<\/p>\n<p>Central and Eastern European countries such as Slovakia, Finland, and Estonia are at the bottom of the ranking.<\/p>\n<p>On social media, Prime Minister Lu\u00eds Montenegro said the ranking &#8220;reinforces the government&#8217;s motivation to continue on the path that has brought us here in recent months&#8221;.<\/p>\n<p>&#8220;It is by reforming with courage and making the country more competitive and productive that we will continue to create jobs, increase wages and strengthen the welfare state,&#8221; the Portuguese Prime Minister added.<\/p>\n<p>Government forecasts point to economic growth of 2% this year and 2.3% next year.<\/p>\n<p>Despite the good news, the country faces dissatisfaction around<a href=\"https:\/\/www.euronews.com\/business\/2025\/11\/27\/cost-of-housing-per-square-metre-hits-all-time-high-in-portugal\" rel=\"nofollow noopener\" target=\"_blank\"> housing costs<\/a>, as well as labour and employment, with a <a href=\"https:\/\/pt.euronews.com\/my-europe\/2025\/12\/08\/primeira-greve-geral-em-12-anos-paralisacao-nacional-esta-agendada-para-11-de-dezembro\" rel=\"nofollow noopener\" target=\"_blank\">general strike called on 11 December.<\/a><\/p>\n<p>The Order of Economists estimates that the general strike could cost the Portuguese economy between \u20ac600-700 million, in a scenario where half of the workers join the strike. That&#8217;s according to figures quoted<a href=\"https:\/\/sicnoticias.pt\/economia\/2025-12-08-video-greve-geral-pode-custar-ate-700-milhoes-de-euros-a-economia-portuguesa-7c191356#:~:text=A%20Ordem%20dos%20Economistas%20prev%C3%AA,setor%20p%C3%BAblico%20como%20do%20privado.\" target=\"_blank\" rel=\"noreferrer nofollow noopener\">by SIC Not\u00edcias.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"By&amp;nbspEuronews Published on 10\/12\/2025 &#8211; 16:47 GMT+1 \u2022Updated 17:15 Portugal has quietly turned into the eurozone\u2019s star performer,&hellip;\n","protected":false},"author":2,"featured_media":185472,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60,2888,6306],"class_list":["post-185471","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland","tag-portugal","tag-tourism"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/185471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=185471"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/185471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/185472"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=185471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=185471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=185471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}