GDP expansion slows to 0.3%

By TPN/Lusa, in News · 16-11-2019 08:00:00 · 0 Comments

Portugal's GDP grew 0.3% in the third quarter, compared to the previous three months, half of that recorded in the second quarter, maintaining the pace of growth of 1.9%, compared to the same period of 2018, Statistics Portugal (INE) reported

According to the INE's quick estimate, compared to the second quarter of 2019, GDP increased by 0.3% in real terms (a quarter-on-quarter change of 0.6% in the previous quarter), reflecting the positive contribution of domestic demand to the quarter-on-quarter change in GDP, higher than that recorded in the second quarter, and the more intense negative contribution of net external demand.

In year-on-year terms, the INE said that domestic demand made a positive contribution to the year-on-year change in GDP like that recorded in the second quarter, with an acceleration of private consumption, while investment recorded less intense growth.


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