Bloomberg News

Portuguese Goverment Expects a 2.8% GDP Contraction in 2012

October 17, 2011

Oct. 17 (Bloomberg) -- The Portuguese government expects a 2.8 percent contraction of gross domestic product in 2012, according to a Finance Ministry statement handed in to reporters in Lisbon.

The government had previously forecast the economy would contract by 2.2 percent to 2.3 percent next year.

To contact the editor responsible for this story: Anabela Reis at

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