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Published on Monday, June 5, 2017 | Updated on Monday, June 5, 2017

Portugal: growth once again surprise positively in 1Q17

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Summary

The growth rate of the Portuguese economy in 1Q17 accelerated to 1.0% QoQ, surpassing the BBVA Research estimate (0.2% QoQ). The quarterly growth was due to the positive contribution of external demand (0.8pp), given the strength exports have once again shown in a context of import slowdown.