This report by the European Commission presents the findings of the seventh post-programme surveillance mission to Portugal and identifies remaining challenges for the Portuguese economy. Since the conclusion of the sixth post-programme surveillance mission in July 2017, growth has further accelerated. The short-term economic and financial situation of Portugal has improved and important progress has been made in addressing near-term risks. Overall, Portugal’s economic rebalancing building on the basis of reforms implemented during and after the macroeconomic adjustment programme has made good progress. Going forward, the challenge is to further strengthen the reform momentum. In this regard, ambitious growth-enhancing reforms and sustained fiscal structural consolidation are essential to improve the economy’s resilience to shocks and the medium-term growth prospects.[…]