Portugal: reduced activity and uncertainty in 1S16 bias 2016/17 growth forecasts downwards
Published on Tuesday, July 26, 2016 | Updated on Tuesday, July 26, 2016
Portugal: reduced activity and uncertainty in 1S16 bias 2016/17 growth forecasts downwards
The Portuguese economy grew by 0.2% QoQ in 1Q16 (BBVA Research: 0.3%) supported by the strong increase in consumer consumption, while investment and net external demand reduced the activity’s dynamism. Data for the second quarter suggest that growth should have stabilized at around 0.2% QoQ, although composed differently from 1Q16.
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Observatorio de Portugal_jul16_PT Portuguese July 26, 2016Authors
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