Accelerates the fall of the Portuguese economy. The gross domestic product of the Lusitanian country decreased by 0,4% in the third quarter of 2011, when in the second quarter it had recorded a decrease of 0,1% compared to the first. Compared to the same period last year, Portuguese GDP decreased by 1,7% (in the second quarter the same trend value was 1%). The The country has therefore already been in a recession for a year.
The austerity measures agreed with the Troika (EU, ECB and IMF), which led to a slowdown in exports, but also a sharp decrease in household consumption. The national institute of statistics (INE) communicated it today.
