Portugal: GDP growth forecasts for 2018 reviewed upwards to 1.7%

Summary

Growth of the Portuguese economy in 4Q16 reached 0.6% QoQ1, once again causing positive surprise (BBVA Research forecast 0.3% QoQ), albeit lower than that seen in the previous quarter (0.9% QoQ). As a result Portugal ended 2016 with GDP growth of 1.4% YoY, less than the 1.6% YoY posted in 2015, but slightly more than the BBVA Research forecast of mid-2016 (1.2%).

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