Lisbon, July 3, 2025 (Lusa) - BlackRock believes that there are good opportunities for investors in Portugal and Spain, particularly in the financial, industrial and infrastructure sectors, with Portugal offering a “mix of stability and economic potential”.

In a presentation of the 2025 MidYear Global Outlook, BlackRock’s head in Portugal, André Themudo, stressed that the asset manager believes there are opportunities in US and Japanese equities, and selectively in Europe, more specifically in Portugal and Spain.

Portugal “is a strong contributor within the eurozone” and growth estimates for this year are “well above its European peers”, which “reflects solid domestic demand and a good moment for attracting investment”.

In terms of macroeconomic indicators, experts expect inflation to be 2.2%, “relatively controlled”, which contributes to “real wage growth and also helps or stimulates day-to-day consumption”, while the unemployment rate in Portugal is 6.3% and falling.

In addition, the national economy also has “low exposure to Donald Trump’s tariffs and a favourable macro scenario”, which ultimately “favours the Portuguese economy and investment in Portugal”, André Themudo points out.

For him, “Portugal currently offers an excellent mix of stability and economic potential”, with the financial, industrial and infrastructure sectors standing out for investment.

BlackRock itself invests in Portugal, with the latest figures indicating investments of around €5 to 6 billion, including renewable energy parks.

In Spain, BlackRock invests around €80 billion.

MES/ADB // ADB.

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