Portugal: growth could return to around 0.2% QoQ in 1Q17

Summary

Available data points to a slowdown in GDP growth in 1Q17 to 0.2% QoQ, SWDA, similar to the levels seen in the first half of 2016. During the coming quarters GDP growth could settle at between 0.3% and 0.4% in line with growth of 1.7% on average in 2017, above the 1.4% seen in 2016.

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