Portuguese PM predicts herd immunity by summer’s end

This would create “a very important moment for confidence and total liberation of society,” Costa said. [EPA-EFE/JOHANNA GERON / POOL]

Portugal should reach group immunity by the end of the summer, Prime Minister António Costa said on Tuesday, adding that this creates “a very important moment for confidence and total liberation of society.”

At the ceremony to sign four investment tax contracts worth a total of €141 million at the Belém Cultural Centre in Lisbon, Costa stressed that “all forecasts” indicate that between 2021 and 2022, the Portuguese economy could grow by around 9%.

“It means that with the acceleration of the vaccination process we can look towards the end of this summer for group immunity and total liberation of society. We already have a set of investments underway that will ensure the sustained growth of the Portuguese economy, the maintenance of jobs and the creation of more and better jobs in the future, essential to absorb the unemployment created by the crisis,” he said.

“In terms of foreign direct investment, the contracts already supported by Aicep [Agency for Investment and Foreign Trade] are already 92% of the value of the best year ever, which was 2019. We are still in July, there is still a lot of work to do, there is still the opportunity that in 2021 we will beat the record of 2019,” Costa also predicted.

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