Portugal: Economy stagnates in Q3
November 13, 2015
In Q3, GDP recorded zero growth over the previous quarter, according to a flash estimate released by Statistics Portugal on 13 November. The result came in below the 0.5% increase tallied in Q2 and marked the worst performance since Q1 2014.
On an annual basis, GDP expanded 1.4% in Q3, which was slightly below Q2’s 1.6% rise. More detailed data are scheduled to be released on 30 November.
Author: Eric Denis , Economist