LISBON (AFP) ??” Portugal is risk to put recession behind it this year with 075 percent germination however the recovery will be les sturdy than previously thought.

LISBON (AFP) ??” Portugal is risk to put recession behind it this year with 075 percent germination however the recovery will be les sturdy than previously thought, the Bank of Portugal said.

"The weak development predicted for 2004 owes itself fundamentally to another look forward toed moderate decline in internal demand," it said in its twice-yearly economic foresight

The bank had estimated in its last sight issued in June that the Portuguese economy, single in kind of the European Union's smallest, would sprout 1.0 percent this year, after after a contraction of about undivided percent in 2003.

at comparison, the European Central Bank last month predicted the economy of the entire 12-nation eurozone would wax between 1.1 and 2.1 percent this year.

The Portuguese central bank predicted domestic demand would very little between 0.5 and 1.0 percent this year as conduct spending cuts and low consumer confidence caused by way of ...