LISBON (Reuters) -Portugal’s economy bounced back to expand 0.6% in the second quarter from the previous three-month period when it shrank a revised 0.4%, the National Statistics Institute said on Wednesday, citing strong private consumption.
Gross domestic product also grew 1.9% year-on-year, in an acceleration from a 1.7% growth in January-March, it said.
The Bank of Portugal slashed its full-year growth forecast in June to 1.6% from 2.3% citing global trade tensions. Last year, the economy grew 1.9%. The government has so far stuck to its estimate of 2.1% growth this year.
(Reporting by Andrei Khalip)
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