Sectoral analysis

After years of rapid expansion, the Chinese authorities have decided to put a stop to excessive leveraging in the real estate sector. Beginning in the summer of 2020 new limits on access to credit for property developers were imposed and the sector entered a prolonged phase of adjustment in which it still remains today.

In 2023, the tourism sector in Portugal continued its path of recovery, exceeding expectations and setting new records in various parameters. For 2024, we expect this good performance to be maintained, albeit at a pace closer to cruising speed.