Portugal: The economy will grow by about 0.8% in 2014

Summary

Investment and exports hampered activity in 1Q14. In the second quarter, high levels of confidence are only partially borne out in activity data, while unemployment is declining and inflation turned negative. Net exports will be the main driver of growth in 2Q14 and the gradual improvement of domestic factors will lead the recovery in 2014 as a whole and in 2015

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