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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


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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