Economy boosts Portuguese government's re-election bid

By The Associated Press | Posted - Aug. 31, 2015 at 5:10 a.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

LISBON, Portugal (AP) — Economic news is continuing to give heart to Portugal's center-right government as it aims for re-election in October.

The government is telling voters the country is back on track after a 78 billion euro ($87 billion) bailout in 2011 brought three years of recession amid deep spending cuts.

The National Statistics Institute reported Monday that the economy grew 1.5 percent in the second quarter compared with last year, maintaining the same rate as in the first quarter.

Also, the jobless rate continued to slide, with the institute saying it fell to 12.1 percent in July from 12.3 percent in June. That's the lowest rate since 2010.

Left-of-center opposition parties dispute the unemployment statistics, saying short-term training programs and mass emigration in recent years mean the figures give a false picture.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast