7 Jul 2010

Portugal's GDP figures for the first quarter: good news

This is bit old already, but...

Real GDP growth was +1.8%, mostly driven by domestic demand...

...more precisely, consumption

...domestic demand will surely decline as a result of a new austerity program. Let's see how much of the slack will be picked up by external demand. In the first quarter there was a rebound on international trade.
Oficial GDP growth forecast for 2010 is +0.7%.

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