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Portugal GDP shrinks 3.5 percent year-on-year

By Washington Examiner
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LISBON, Portugal (AP) — Portugal’s economy shrank by 3.5 percent year-on-year in the third quarter and decreased by 0.9 percent compared to the previous three months.

The results are worse than forecast and were due to a less marked reduction in the rate of goods and services imported and a slowdown in exports and investments.

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