Market Report, "Country Analysis Report: Portugal, in-Depth PESTLE Insights", Published
The economy was hit by the financial crisis of 2008-09, and GDP contracted in 2008 and 2009. The economy registered a modest recovery to grow 1.93% in 2010; however, it contracted again in 2011 and 2012 by 1.42% and 3.21% respectively. According to MarketLine forecasts, the economy will further contract in 2013, although to a much lesser extent than in 2012
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