Portugal GDP surprisingly rises in Q2

Portugal Q2 GDP +1.1% on quarter vs -0.4% in Q1 and consensus of -0.15%.

On year, GDP -2% vs -4.1% in Q1. (PR)

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Comments (2)
  • divinecomedy
    , contributor
    Comments (465) | Send Message
    Austerity works baby!!
    14 Aug 2013, 06:25 AM Reply Like
  • mitrado
    , contributor
    Comments (2033) | Send Message
    Sure it does... for the markets, not for the people who now are staying home spending the least possible. No more vacations, no more games consoles, no more nothing. Nowadays, we cannot afford to buy anything, only to pay our bills (with luck).


    There are people asking for bank loans just to pay their house rent. Ridiculous.


    How all of this is going to translate into corporations' profit growth is beyond me.
    14 Aug 2013, 09:02 AM Reply Like
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