Portugal makes unexpectedly dramatic exit from recession - could Spain follow suit?

Post reply   Start new thread
:: New - Old :: Old - New

Pages: 1 |

Forum home :: Latest threads :: Search forums
The Comments
14 Aug 2013 11:30 PM by mac75 Star rating in Valencia. 415 posts Send private message

mac75´s avatar

Portugal has emerged from recession for the first time in two and half years, the country’s National Statistics Institute (INE) revealed on Wednesday. GDP grew an unexpected 1.1 percent in the second quarter of 2013 after 10 consecutive quarters of contraction.
The data reflects a notable improvement on the figures recorded from January to March, when the economy shrank 0.4 percent, and places Portugal at the top of the European Union for growth in the second quarter.
The recovery between April and June significantly surpassed the calculation of a number of organizations, which forecast a more moderate increase of between 0.3 and 0.6 percent. Official estimates have predicted that Portugal will suffer a contraction of over two percent in 2013.
“The significant acceleration in exports of goods and services” registered in this period and the less-marked decline of investment than in previous quarters explains the GDP increase, the INE noted in a press release.
The news came as EU statistics agency Eurostat revealed that the euro zone as a whole had at last emerged from the recession in which it has been mired for the last 18 months. It had been known for several days that the euro zone would register a positive figure in the second quarter, but the strong advances of France, Germany and, above all, Portugal took many by surprise.

Could we see Spain following suit shortly? somehow with everything that's going on with the government I can't see investment getting any better...



_______________________

A donde el corazón se inclina, el pie camina.




Like 0      

Pages: 1 |

Post reply    Start new thread


Previous Threads

Boat Trip - 6 posts
Foreign Office to complain to Madrid after Gibraltar motorists endure five hour delays - 0 posts
Importance of fencing in garden - 1 posts
IHT a query - 34 posts
Murcia supermarket opening times - 3 posts
Drip irrigation for garden, your views? - 3 posts
Help Re renting around El Chaparral, Torrevieja " - 0 posts
Help wanted - 0 posts
replacing a kindle. - 4 posts
NEAREST BEACH HOTELS/APARTMENTS TO ALMERIA AIRPORT - 0 posts
Crockery, glasses, etc. - Ikea or Supermarket? - 11 posts
Clubhouse Bar/Rest Eroski Centre - 1 posts
bike for sale - 0 posts
Wanted bar fridge and shade sails - 0 posts
Mazarron (where?) crying foul - 9 posts
IS THE SIESTA OUTDATED - 5 posts
car excess - 0 posts
Legal action in UK over spanish properry debt - 25 posts
NIE APPLICATION - 14 posts
MY SPANISH HERO - 0 posts
Theft -a warning to all - 10 posts
Refund Process La Caixa - 0 posts
Promotion Internationals calls for 0€ throughout 2013 - 0 posts
Certificate of Energy Efficiency - 2 posts
Goldcar Car rental has just cheated me - 19 posts

Number of posts in this thread: 1

DISCLAIMER:  All opinions posted on these message boards are the opinion solely of the poster and do not necessarily reflect the opinion of Eye on Spain, its servants or agents.


1 |
Our Weekly Email Digest
Name:
Email:


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x