September 9, 2022
Portuguese GDP increased by 7.1 percent in the second quarter compared to the same period in 2021, with no change from the first quarter.
The figures are based on a rapid estimate released by the National Statistics Institute (INE), which showed GDP growth of 6.9 percent year on year in the second quarter and a chain contraction of 0.2 percent.
According to INE, these preliminary estimates for the second quarter of 2022 reflect “in part a base effect, given that several measures were in place in the first quarter of 2021 to combat the pandemic that conditioned economic activity.”
Source: Tehe Portugal News
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
