Portugal’s GDP recovers 13.3% in Q3, but drops 5.7% year-on-year

The National Statistics Institute (INE) confirmed on Monday that the Portuguese economy’s recovery was 13.3% quarter-on-quarter after a historical drop in Q2 due to the pandemic crisis. Despite the significant recovery, GDP continues to be 5.7% lower than in Q3 2019. “This evolution was due, to a large extent, to domestic demand’s behaviour, which registered … Continue reading Portugal’s GDP recovers 13.3% in Q3, but drops 5.7% year-on-year