The BE stressed today that the growth of Gross Domestic Product (GDP) is below the forecasts of the Government, is “faltering” and does not deserve “great enthusiasm” because it reveals “an economy that continues to bumps”.
“This GDP growth has much to say about them, starting because it is not exactly a great GDP growth, data from the National Statistics Institute (INE) say that if we compare the last quarter of 2014 with the equivalent quarter of 2013 the economy slows in terms of growth, comparing the fourth quarter to the third quarter accelerates two tenths, “said bloquista Mariana Mortágua.
Mrs BE noted that” on balance the year grows below forecasts of the Government and well below the forecast coming in the Memorandum of ‘troika’ “and demonstrate” a very based growth in domestic consumption, “with a net contribution of exports that” remains negative. “
“Very contrary to what the Minister of Finance and the Prime Minister have to say that we have a sustained process of growth and economic recovery, the data show is that the Portuguese economy is doing to bumps in the month where exports by chance can make a greater contribution to GDP grows one tenth, just be a problem in exports falls again “he said.
” We have an economy that in fact does not start, which continues jerkily, we have neither a reform of the productive fabric, or have a start of consumption and investment because of austerity. Without great enthusiasm, the economic data come reflecting what has happened in the past, an economy bumping “insisted Mariana Mortágua.
The Gross Domestic Product (GDP) registered an annual increase of 0.7% in fourth quarter of 2014 and 0.9% over the past year, according to the flash estimate of INE, released today.
In the third quarter of last year, GDP had registered a higher annual increase of 1.1%.
The estimate of the National Statistics Institute (INE) falls short of government forecasts that in the state budget for 2015 (OE2015), pointed to a national economic growth of 1% set in 2014. A forecast supported by the European Commission last week, when Brussels improved the estimate that was presented in the autumn economic forecast, which was 0.9%.
Digital Diary with Lusa
No comments:
Post a Comment