OECD warning

Economic indicators for Portugal have dropped for the second month running, according to the Organisation for Economic Cooperation and Development (OECD). The “slight degradation” in Portugal’s economic prospects follows “a long cycle of monthly increases” – thus, although the country has been seen to “trip up” in the first three months of 2014, the economy has still effectively grown 1.3% compared to the same period last year. Meantime, INE, the national institute of statistics, is due to report on the economy on Thursday (August 14).