Growth accelerates

Despite doubts expressed by the Troika, Portugal’s economic growth accelerated more than estimated in the fourth quarter last year, final data published by Statistics Portugal has revealed.
GDP grew a seasonally adjusted 0.6% quarter-over-quarter in the three months to December, which was slightly faster than the 0.5% gain that the government had estimated. In the third quarter, stress statistics, the Portuguese economy grew 0.3%, although overall, it shrank 1.4% from 2012.