LISBON, March 29 The Bank of Portugal has raised
its forecast for 2017 economic growth to 1.8 percent from 1.4
percent, boosted by rising investment and exports, it said on
Wednesday in its latest outlook for the economy.
The bank also raised its view on growth next year, to 1.7
percent from 1.5 percent in a previous report released in
December. In 2019 it expects growth of 1.6 percent, up from 1.5
"The revision for 2017 in large part reflects the
incorporation of quarterly accounts for the fourth quarter of
2016," it said in the report. "At the end of 2016 private
consumption, gross formation of fixed capital and exports
registered higher growth than seen in the December bulletin."
The government expects growth this year of 1.5 percent.
(Reporting By Axel Bugge)