According to José Pimenta da Gama, Managing Director of McKinsey for Portugal and Spain, the country could double its GDP by 2040 if it embraces targeted reforms and investments.
"Four or five well-done projects would change the country's destiny,” he stated, emphasizing that Portugal’s economic successes and international recognition.
Pimenta da Gama argues that the country’s future is tied to revitalizing traditional industries, boosting electrification, and leadership in Artificial Intelligence - areas where Portugal already holds competitive advantages.
McKinsey’s latest analysis shows that Portugal could reach more than €520 billion in GDP by 2040 - a doubling of its current economic output - if it sustains a 5% annual growth rate.
The firm highlights the opportunity for the country to position itself at the forefront of AI innovation in Europe, using its growing tech ecosystem and skilled workforce as leverage.
Pimenta da Gama stresses that the key lies in execution and focus, not in the number of initiatives.
By channeling resources into a few high-impact, scalable projects, Portugal could redefine its role within the European economy - transforming from a resilient but modest performer into a continental leader in sustainable growth and technological transformation.
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