Portugal | Economic growth moderates in 2S18

BBVA Research estimates that growth in the Portuguese economy in 4Q18 was around 0.4% QoQ SWDA. Domestic demand will have continued to be the main support of activity, while the external sector’s contribution to growth will have remained negative. This would be consistent with BBVA Research’s forecast for Portugal’s GDP growth in 2018 (2.1% YoY) and 2019 (1.8% YoY).

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