Portugal's economy scored the highest growth rate in 10 years

The economy of Portugal in the first quarter scored the highest growth rate over the past decade.

16.May.17 7:38 AM
By Christina Orlina
Photo Toinnov.com

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Portugal's economy scored the highest growth rate in 10 years

During this period, GDP increased in comparison with the previous year by 2.8%, helped by an increase in exports and recovery of investment.

Against this background, the yield on ten-year government bonds fell to 3,356% – the lowest level since November.

It is so rapid for the region's economic growth due to the European policy of ultra-low interest rates, massive bond purchase program the European Central Bank, and improvement in the internal situation in the first place – tourist boom and the rise of the real estate market, which attracts foreign investment.

Compared with the fourth quarter of last year, Portugal's economy grew by 1%. This figure, as the annual growth significantly exceeded expectations of analysts.

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