Homepage |
首页 新闻动态 法律服务 数据服务 项目服务 投资环境 投资服务机构 经济开发区
Macro-Economy | Business Economy | Industrial Economy | Regional Economy

Home >News >Full article
Search
Portuguese GDP down 16.3 pct in Q2
2020/9/4 15:38:38 Source:Xinhua

LISBON, Aug. 31 (Xinhua) -- The Portuguese National Institute of Statistics (INE) revealed on Monday that the country's gross domestic product (GDP) fell by 16.3 percent in the second quarter(Q2), compared to the same period last year.

"The strong contraction in economic activity reflected the impact of the COVID-19 pandemic that was felt most intensely in the first two months of the second quarter," read an INE report published on its official website.

According to the statistics body of the Portuguese government, the negative result reflected the significant contraction in private consumption and investment during the months of social isolation.

Compared to the first quarter of 2020, the GDP decreased by 13.9 percent.

In annual terms, the European Commission (EC) predicted that Portugal would close the year 2020 with a 9.8-percent drop in its economy, while the Portuguese government projected a 6.9-percent decline. Enditem

Print Collection Close
 Related News More>>
 Site Map | About Us | Services | Links | Statement

Ministry of Commerce of the People's Republic of China Department of Foreign Investment Administration

Operated by Investment Promotion Agency of MOFCOM

Tel:  (86-10) 64404554

Copyright by Invest in China

Fax: (86-10) 64515317

ICP Record No.: Beijing ICP 14022686-4 E-mail: service@fdi.gov.cn