Cooling of global economy “threatens 30 billion euros worth of Portuguese exports”

Portuguese economy “13th slowest in world”

Even though Portugal’s economy has grown above the EU average in recent years, it will still reach the end of its third decade in the single currency with one of the lowest rates of growth in the world. So says analysis in Expresso this morning, explaining that GDP in Portugal has grown at the rate of only 1.2% per year since 1999, and is unlikely to change this course by 2028. As world economies go, Portugal’s is down among the slowest moving, but ahead on paper of a number of others within Europe, namely France, Italy, Belgium, Hungary, Austria, Latvia and Poland.