Minister of Economy of Portugal, Antonio Pires de Lima, affirmed that “the most recent data of the Portuguese economy, related to consumption and investment, tell us that we are in the right direction. These data were not like that nine months ago”, he pointed.
According to information disclosed by the Jornal de Negocios in that country, the government representative said that in Portugal there are “three main engines,” referring to “exports, private consumption and investment”. The Minister also stressed that “there is no consumption or investment if there is no trust” and, therefore, for Portugal “2014 will be a year of growth for the first time in several years”.
These statements of Pires de Lima coincide to data released by the Portuguese National Statistics Institute (INE) about economic climate indexin Portugal, which “in April reached the highest level since October 2010, while the rate of economic activity increased again in March to highestsince August 2010”, the newspaper reported.
[photo credit: Jeroen Bennink]
