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Portugal: Moody’s expects GDP growth of 1.7% this year, 1.4% next

Page created: Friday, 19 May 2017 14:28 GMT

Thematic
Tags:
Budget Deficit  Economic Growth  GDP   Moody's

Lisbon, May 19 (Lusa) – The Portuguese economy will see growth of 1.7% of gross domestic product (GDP) this year and of 1.4% in 2014 according to estimates released on Friday by financial ratings agency Moody’s.

The figures are below official government estimates, which point to GDP growth of 1.9% in 2018.

The budget deficit, according to Moody’s projections, is expected to increase to 2% of GDP in 2018.

Moody’s also noted high levels of public debt, estimating that these will gradually drop back, despite remaining at round 125% of GDP in 2020.

ICO/CA // CA

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