Edition 1432
15 July 2017
Edition: 1432

Read this week's issue online exactly as it appears in print.

Twitter

Economic growth is good, but not enough - Minister

by TPN/ Lusa, in News · 17-05-2017 08:56:00 · 0 Comments

The Portuguese Economy Minister said on Tuesday that economic growth in the first quarter of 2017 had “exceeded all expectations,” and “is balanced” but it is not enough and in future it should be achieved through innovation.

Economic growth is good, but not enough - Minister

 

"The growth of the economy has accelerated in the last three quarters. It was important to give consumers more confidence, through restitution of income, but it is equally important to give investors more confidence. All of that led to balanced growth,” said Manuel Caldeira Cabral on Tuesday morning, in Matosinhos, at the 14th COTEC National Innovation Meeting.

 

The National Statistics Institute (INE) said on Monday that in the first quarter of 2017 the Portuguese economy grew by 1.8% year on year, and by 1% against the previous quarter.

 

According to the minister, this economic growth is the “result of an increase in exports, an increase in investment and also has a component of increased consumer spending.”

 

The on year performance in the first quarter is the highest in the last 10 years, as it equals growth seen in the last quarter of 2007.

The minister said it was necessary to “continue working” and that “growth in the next few years has to be achieved through innovation.”

 

“Only with more innovation can we ensure growth and a growth that can create better employment, with better salaries,” he noted.

Comments

Be the first to comment on this article

Interactive Topics, send us your comments/opinion on this article.


Please enter the letters as they are
shown in the image.
Letters are not case-sensitive.
Edition 1432
15 July 2017
Edition: 1432

Read this week's issue online exactly as it appears in print.

Twitter

Pub

  • Cris Piessens
  • Simple Taste
  • Toldolanda
  • Intermarche
  • Wellness Dreams
  • Blacktower
  • Palm Properties
  • Vale D'Oliveiras
  • Marcela Properties
  • Blevins
  • Algarve Weddings
  • Nobel International School
  • R.C. Brown
  • Audiocare
  • Ibex
  • Land and Houses
  • Global
  • Zoomarine
  • Abacoz
  • AlgarExperience
  • John Hill
  • Abbeygate