FX.co ★ Portugal's GDP Growth Slows Slightly to 0.7% in First Quarter of 2024

Portugal's gross domestic product (GDP) growth has slightly slowed to 0.7% in the first quarter of 2024, according to data released on April 30th. This marks a decrease from the 0.8% growth recorded in the fourth quarter of 2023. The comparison of the current quarter to the previous quarter shows a slight deceleration in economic expansion. The data suggests a moderation in Portugal's economic growth momentum, highlighting potential challenges or shifts in the country's economic landscape. The update signals a need for continued monitoring of Portugal's economic performance in the coming months to assess any potential trends or developments.