INE, Portugal’s statistics institute, is scrabbling to catch up as the country’s GDP does exactly what INE said it wouldn’t.
Only two weeks ago, the figures’ watchdog revealed GDP had maintained 2.8% growth during the second three months of 2017.
But now it has revised its findings to 2.9% , “approaching expectation of economists” who forecast overall growth of 3% this year – and actually setting an “almost 17-year” record.
The magic ingredient has been ‘a strong acceleration in investment’, reports negocios online, as well as growth in ‘internal consumption’, particular in the purchase of new vehicles.
