Source: Financial Times, February 16, 2014
“(…) Year-on-year growth of 1.6 per cent in the final quarter of 2013 outstripped every other eurozone member, including Germany, while quarterly growth of 0.5 per cent, topped only by the Netherlands, shattered economists’ forecasts of only a 0.1 per cent increase.
“Portugal, not Spain, is the biggest positive surprise in the [eurozone] periphery,” according to Ralph Solveen, an economist with Commerzbank. “Unlike in Spain, the unemployment rate has already come down significantly and employment has increased since the spring.”
Read the full article at http://www.ft.com/cms/s/0/440e4c36-9713-11e3-809f-00144feab7de.html#ixzz2tcViCEeb