Data from Statistics Portugal shows that in the second quarter, Portugal's GDP grew by 1.1% compared to the first quarter, marking the first quarter-on-quarter growth since the fourth quarter of 2010. However, compared to the same period in 2012, it remains negative (-2%), continuing a downward trend. Due to a slowdown in the contraction of investment and an acceleration in exports driven by seasonal factors, the year-on-year decline has narrowed. It was 4.1% in the first quarter.
Source: Economic and Commercial Counselor's Office in Portugal
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