October 10, 2019 / 12:09 PM / a month ago

Bank of Portugal forecasts lower growth as exports, consumption decline

LISBON, Oct 10 (Reuters) - The Bank of Portugal on Thursday forecast Portugal’s economy to expand by 2.0% this year, down from 2.4% in 2018, due to a decline in export-oriented sectors, a fall in private sector consumption and a slowing world economy.

“(There will be) a continued expansion of the Portuguese economy for the sixth consecutive year but at a slower pace,” it said in its latest economic outlook. (Reporting by Sergio Goncalves and Victoria Waldersee, writing by Catarina Demony; editing by John Stonestreet)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below