Good results

THE PORTUGUESE economy grew 1.9 per cent in 2007, registering the most significant increase since 2001.

The latest figures released by the Portuguese National Statistics Institute (INE) were backed up by the European Union’s statistics office Eurostat which revealed that the Portuguese economy was one of three EU member states which had shown increased growth levels in the last quarter of 2007 compared with the same period in 2006.

In annual terms the 1.9 per cent growth rate translates into an acceleration of 0.6 percentage points on the same period in 2006. The economy’s expansion has exceeded the government’s expectations that suggested a growth rate of 1.8 per cent.

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