Full-year economic growth reached 6.7% after 5.5% in 2021
and was largely in line with the government's latest forecast.
The government expects growth to slow down to a mere 1.3% this
year due to the impact of high inflation and rising interest
rates.
(Reporting by Andrei Khalip and Joao Vicente in Gdansk, editing
by Sergio Goncalves)
LISBON, Jan 31 (Reuters) - Portugal's economic growth
decelerated to 0.2% in the fourth quarter from 0.4% in the
previous three months, still producing the strongest full-year
expansion in 35 years before a projected steep slowdown this
year, official data showed on Tuesday.
The National Statistics Institute (INE) said in its flash
estimate that gross domestic product also rose 3.1% in the
fourth quarter from a year earlier after 4.9% growth in the
third quarter, with private consumption and investment dropping
amid high inflation.
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