Growth of the Portuguese economy: from less to more
In order to take the pulse of economic activity, we usually look at GDP growth. From this perspective, the most recent dynamics of the Portuguese economy are frankly better than expected. If we broaden our perspective to the last decades, and compare Portugal’s progress with other European economies, we also see a positive scenario, albeit very concentrated on recent years. It is also important to analyse the factors that drove growth in order to qualify what appears to be a good performance.