Portugal delivered a pleasant surprise on Wednesday, posting the euro zone’s strongest growth in the second quarter, but its political fragility is still concerning analysts.
The peripheral euro zone economy exited recession after two and a half years of contraction in the second quarter of 2013, with a better-than-expected 1.1 percent jump in GDP (gross domestic product) growth. This was fueled in part by improved tourism revenues.
The growth was hailed by the government as vindication of its austerity-based policies – and that government needs a bit of good news after a high-profile squabble last month.
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