Portugal has left its recession but is still in an economic depression
From qfinance.com
I wish to discuss the economic situation in Portugal which I have not covered since the 28th of June. There is a reason for the gap which is that the Gross Domestic Product numbers for the second quarter were such a surprise to me that I have sent some questions to the Portugal Statistics about them. Sadly as they have not replied over a fortnight later I have assumed that they probably now will not do so. Back on the 14th of this month this was released. This was a complete surprise but some care is needed as even with such quarterly growth Portugal’s economy is still smaller than a year ago as shown below. The ...
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