Portugal registers strong growth

Portugal’s economy grew 2.8 percent in the second quarter from the same period a year ago, maintaining its highest growth rate in a decade thanks to strong domestic demand and investment, official data showed yesterday.

Growth has bounced back strongly this year after Portugal’s 2011-14 debt crisis, allowing the economy to expand at a faster rate than the euro zone as a whole after years of lagging behind.


The recovery has led to unemployment falling strongly this year and has been fueled by a jump in consumer confidence to its highest level since 1997.