Official data: Portugal beats recession, GDP up 1.1%

GMT 09:12 2013 Wednesday ,14 August

Arab Today, arab today Official data: Portugal beats recession, GDP up 1.1%

Arab Today

Bailed-out Portugal broke free from recession in the second quarter of the year with growth of 1.1 percent, showing the first expansion for two years, official data showed on Wednesday. After shrinking for 10 months in a row, gross domestic product grew by 1.1 percent in the second quarter from output in the first quarter, but shrank by 2.0 percent on a 12-month basis, the data showed.

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