Free Economic weekly: GDP revised down in Portugal

GDP in Portugal fell 0.4%qoq and 4%yoy. Demand details show a strong contraction in domestic demand and an improvement in the net external demand but due to a decline in imports. International trade in goods recorded strong yoy gains for Portugal in April 2013. The fiscal deficit relevant for the Portuguese Economic and Financial Assistance Programme is estimated at 5.4% of GDP for 2013 in the new Budget.

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