Portugal PM says, Economic recovery must be done “with an eye to the future”

LISBON: Portuguese Prime Minister Antonio Costa stressed that the country’s economic recovery “must be done with an eye to the future”, considering it essential to ensure conditions for the new generations to become autonomous.

“The economic recovery has to be done looking to the future and, hence, the two great engines of this recovery are to face two great challenges that lie ahead – the climate transition and the digital transition -“, said the PS secretary-general, who was speaking in Coimbra, in the cloisters of the Convento de São Francisco, during the presentation of the socialist candidate for the Municipality of Coimbra, Manuel Machado.

The Portuguese head of government referred to an expected investment of USD 3 billion foreseen in the Recovery and Resilience Plan (PRR) for the "immediate revival of the economy," as well as "solving a structural problem in the country", which is housing.

"If we want to keep the new generations among us, we have to ensure conditions so that the new generations can have autonomy in life and live among us. "We have to create conditions for the new generations to become autonomous and to be able to build the family they want to build," Costa said. The Prime Minister noted that investments will be made to improve energy efficiency and the re-industrialization of Portugal after the Covid-19 crisis.

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