Portugal's GDP, a note on the 2020 unknowns

We provide a simple exercise for the real growth rate of GDP in 2020 in Portugal, with three alternative scenarios: pessimistic, baseline, and optimistic, with the range for real growth between -5.8% and -3.9%. Of particular relevance is private consumption and investment, with households cutting spending significantly, and government spending that will need to cover some of the lacking domestic demand. The increase in the budgetary imbalances would also be inescapable.