This was the statement made by Paulo Portas, during the GS1 Portugal – (De) Conference Coding the Future: Challenges of the New Age, in which he explained that the crisis we are experiencing is unequal and that it will take time to recover.
During his speech on the global crisis and recovery movements after COVID 19, the former Deputy Prime Minister stated that in order to achieve a steady economic recovery, it will be necessary to restore the three main axes of globalization – open and free trade, international investment and innovation. , which it considers the heart of value-added economies.
During the session, Paulo Portas emphasized the importance that Asia, and in particular China, attaches to the global economy. “Europe has allowed itself to be outdone in terms of innovation and demographics. He emphasized that China is now the main supplier, the main customer, the main partner and the main beneficiary of foreign investment. However, Paulo Portas cautions that it is not only the geography of economic growth that has changed, but Also the “geography of risk”, which is now also found in Asia.
“Within a few decades, China has ceased to be a rural country, to become one of the most developed economies in the world, on its way to surpassing even the United States of America,” he said. Paulo Portas also warned of “a gradual rise in inflation, the main enemy of the poorest population, and as a result of interest rates, which will surprise everyone.”
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William Shakespeare is a journalist and feature writer specialising in culture, entertainment, history, and current affairs. With a keen eye for storytelling and analysis, he produces informative articles that help readers understand the people, ideas, and events influencing modern life.
