ISEG says Portugal GDP grew 2.3% in Q1

ISEG Lisbon School of Economics & Management estimates that the Portuguese economy grew 2.3% like-for-like on 2017 in Q1.

The figures are slightly below those seen in the last quarter of 2017. The 0.6% variation calculated by the Economic Analysis Group of the Higher Institute of Management (ISEG) was partly down to improved private consumption.

“In general terms, the available information suggests that the first quarter of 2018 saw a growth level slightly below that of Q4 in 2017”, say ISEG economists, admitting “improved private consumer consumption, slightly less investment growth and some concerns over external liquidity demand.”