Portugal GDP

Portugal

Portugal: GDP growth accelerates slightly in Q2

August 14, 2015

In Q2, GDP expanded 0.5% over the previous quarter according to a flash estimate released by Statistics Portugal on 14 August. The result came in slightly above the 0.4% increase tallied in Q1 and marked the fifth consecutive quarter of growth as well as the fastest pace of expansion in a year.

On an annual basis, GDP expanded 1.5% in Q2, which mirrored Q1’s result. More detailed data are scheduled to be released on 29 August.

The Bank of Portugal expects the economy to expand 1.7% in 2015 and 1.9% in 2016. FocusEconomics Consensus Forecast panelists expect that GDP will expand 1.6% in 2015, which is unchanged from last month’s projection. For 2016, the panel expects economic growth to accelerate to 1.7%.


Author:, Economist

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