Portugal: The economy will grow at around 1.2% in 2014

Summary

The MICA-BBVA model forecasts zero QoQ growth in 1Q14 Improved domestic demand in 2H13, and its continuation at the beginning of this year, has lifted our forecast for 2014… … but exports will continue to be the main engine of growth Fiscal accounts published to March indicate the budget deficit will be met comfortably

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