The National Statistics Institute (INE) confirmed today that the Gross Domestic Product (GDP) grew by 2.3% year-on-year and stagnated in the second quarter of this year, with a slowdown in exports.
The statistics agency confirmed the data put forward in the flash estimate released on July 31, which pointed to a drop in the contribution from external demand.
In real terms, the economy grew by 2.3% year-on-year in the second quarter, compared to the year-on-year GDP growth of 2.5% in the first quarter, as a result of a slowdown in exports of goods and services in volume that was more pronounced than that of imports of goods and services.
