The slowdown in the Portuguese economy continues. The Gross Domestic Product (GDP) grew 0.8% in volume in the second quarter of this year compared to the same quarter last year, according to the flash estimate of the National Statistics Institute (INE) reported on Friday. The annual growth rate fell by one tenth compared to 0.9% in the first quarter of 2016 and is almost half the average annual quarterly growth last year.
The slowdown in the economy Portuguese in the second quarter of the year was despite the euro zone have grown more than the United States and Japan. the country does not appear to be being ‘infected’ by the main destination for Brazilian exports, Spain, part of the ‘club’ of highest annual growth rates in the European Union with counterparts growth above 3% in the second quarter, according to Eurostat data also released on Friday.
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