Portugal’s Economy Grows for First Time Since 2010 on Trade

Portugal’s economy expanded in the second quarter for the first time since 2010 as export growth accelerated.

Gross domestic product rose 1.1 percent from the first quarter, when it fell 0.4 percent, the Lisbon-based National Statistics Institute said in a preliminary report today. That follows ten consecutive quarters of contraction. Economists predicted an increase of 0.1 percent, according to the median of 10 estimates in a Bloomberg News survey. GDP dropped 2 percent from a year earlier, after declining a revised 4.1 percent the previous quarter.