Portuguese economy grows 7.1%
According to the National Statistics Institute (INE), the figures are based on a rapid estimate released on 29 July, which pointed to GDP growth in the second quarter to 6.9 percent year-on-year and a chain contraction of 0.2 percent.
According to INE, these preliminary estimates for the second quarter of 2022 reflect, in the year-on-year comparison, “in part a base effect, given that in the first quarter of 2021 several measures were in force to combat the pandemic that conditioned economic activity”.
Portuguese Gross Domestic Product (GDP) grew by 7.1 percent in the second quarter compared to the same period in 2021 and a zero change compared to the first quarter.
Source: The Portugal News