Arab Today, arab today portugal economy shrinks by 12 percent
Last Updated : GMT 05:45:46
Arab Today, arab today
Arab Today, arab today

Portugal economy shrinks by 1.2 percent

Arab Today, arab today

Arab Today, arab today Portugal economy shrinks by 1.2 percent

Lisbon - AFP

Portugal\'s economy shrank by 1.2 percent in the second quarter compared to the previous quarter and 3.3 percent on a 12-month basis, final GDP data from the national statistics institute (INE) said on Friday. The data, which INE said was attributable to a decline in internal demand, were in line with gross domestic product estimates made last month. According to INE, internal demand fell by 7.6 percent on a 12-month basis, with investment suffering a 18.7 percent decline. Household consumption, INE said, slid 5.9 percent and public spending declined by 3.9 percent, both over 12 months. Exports, one of the few bright lights in the Portuguese economy, continued to progress but at a slower pace, the institute said. On a 12-month basis, exports grew 4.3 percent in the second quarter, which was sharply lower than the 7.9 percent increase posted in the previous three-month period. The data comes as auditors from the so-called troika of creditors -- the European Union, International Monetary Fund and European Central Bank -- monitor Portugal\'s implementation of spending cuts and economic reforms under a rescue package worth 78 billion euros ($98 billion). The cuts and problems in the rest of the eurozone have caused Portugal\'s economy to contract more than expected and the government looks increasingly unlikely to meet the target of reducing the public deficit to 4.5 percent of GDP this year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today portugal economy shrinks by 12 percent Arab Today, arab today portugal economy shrinks by 12 percent

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today portugal economy shrinks by 12 percent Arab Today, arab today portugal economy shrinks by 12 percent

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday