In recent economic developments, Portugal’s GDP growth has once again stagnated at 0.1% during the second quarter of 2024. This figure, updated on August 30, 2024, follows an identical growth rate recorded in the previous quarter. The lack of significant change continues to reflect Portugal’s struggle to accelerate its economic momentum.The updated data shows that despite various efforts by policymakers to stimulate the economy, the GDP growth rate has remained flat over the last two quarters. The Quarter-over-Quarter comparison illustrates that no substantial expansion or contraction has occurred from one quarter to the next, pointing towards a period of economic stability, albeit with minimal growth.Analysts suggest that the ongoing stagnation may prompt renewed discussions on economic reforms and fiscal policies aimed at boosting domestic productivity and attracting foreign investments. As the year progresses, economists and investors will be keeping a close watch on whether the Portuguese economy can muster the impetus needed to break free from its current inertia.The material has been provided by InstaForex Company – www.instaforex.com
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