According to the latest data released on April 30, 2024, Portugal's GDP growth has slowed down to 1.4% in the first quarter of the year. This marks a decrease from the previous quarter, where the GDP growth had reached 2.2% in the fourth quarter of 2023. The comparison period for this data is Year-over-Year, which means the current indicator is compared to the same quarter a year ago.
The slowdown in GDP growth in Portugal could be attributed to various factors such as global economic conditions, domestic policies, and other external influences. Analysts will be monitoring this trend closely to assess the potential impact on the country's economy moving forward. As policymakers and businesses navigate these challenging conditions, the focus will be on implementing strategies to support economic growth and stability in Portugal.
