Portugal GDP expands 0.4% in fourth quarter, slumps 7.6% in 2020

  • 2/2/2021
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LISBON, Feb 2 (Reuters) - Portugal’s economy expanded 0.4% in the fourth quarter from the preceding three months when it rebounded a revised 13.3% after the initial impact of the COVID-19 pandemic, which did not prevent it from posting the worst full-year slump since 1936. The National Statistics Institute (INE) said in its advance flash estimate gross domestic product contracted 7.6% last year after shrinking 5.9% in the fourth quarter year-on-year, following a 5.7% contraction in July-September. (Reporting by Sergio Goncalves and Andrei Khalip, editing by Andrei Khalip) Our Standards: The Thomson Reuters Trust Principles.

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