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Portuguese economy speeds up

The Portuguese National Statistics Institute (INE) confirmed that Portugal’s economic growth accelerated in the second quarter by 2.3% year-on-year and 0.5% quarter-on-quarter.

“The gross domestic product (GDP) registered a year-on-year variation of 2.3% in the second quarter of 2018 (2.1% in the previous quarter)”, INE stated.

“Compared to 2018 first quarter, the GDP rose 0.5% in real terms (0.4% in the previous quarter)”, it added.