Portuguese Economy Grew at Faster Pace in Fourth Quarter
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Portugal’s gross domestic product expanded at a faster pace in the three months through December as it grew for a third quarter.
GDP climbed 0.5 percent from the third quarter, when it rose a revised 0.3 percent, the Lisbon-based National Statistics Institute said on its website today. Economists predicted a rise of 0.1 percent, the median of seven estimates in a Bloomberg survey showed. GDP rose 1.6 percent from a year earlier, the first increase in three years, “reflecting mostly the performance of private consumption,” the institute said.