GDP up 1.5%, close to government forecast

Page created: Friday, 14 August 2015 14:35 GMT

Exports  GDP  Imports

The Portuguese economy grew 1.5% in the second quarter of 2015 compared with the same period in 2014 “identical to the growth seen in the first quarter” the Portuguese National Statistics Institute (INE) said on Friday.

This performance was due to imports growing faster than exports, but this was offset by “a positive contribution from domestic demand” in the second quarter “reflecting accelerated investment, and (to a lesser degree), private consumption.

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The Portuguese government expects the economy to expand 1.6% this year.