PORTUGAL ECONOMY OUTGROWS EUROZONE

Portugal’s performance, from the second to the third quarter, was 0.8 percent. It was the highest in the eurozone, which overall managed an average rate of only 0.3 percent.

The acceleration of the economy confounded experts, who had forecast substantially lower growth and had even issued warnings of potentially troublesome times ahead.

Continued growth in tourism numbers anticipated for this autumn and next spring are expected to drive continued growth in the coming months. This news comes after the European Commission (EC) decided not to present any proposal to suspend funds to Portugal.

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