INE confirms year-on-year GDP growth of 2.3% and stagnation in the 2nd quarter

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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.

Iris Lavan
Iris Lavanhttps://irislavan.com/en/
With a background as a consultant in the medical industry, Iris Lavan brings a wealth of knowledge and expertise to Portugal Pulse. Iris also runs a company in Tel Aviv offering marketing, business development, content creation and public relations services. She holds a degree in economics and management, giving her a solid grounding in business strategy and financial planning. Iris' commitment to Portugal Pulse is reflected not only in her consulting career, but also in her impact on the Portugale media landscape in Israel. She was an interviewer for Hadshot Portugal חדשות פורטוגל, a media outlet that broadcasts news about Portugal in Hebrew, where she provided valuable information on current affairs, healthcare and the economy. Since July 2023, Iris has also been part of the Portugal Pulse team.

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