LISBON Ecco Cool 2.0 italia , June 9 (Xinhua) -- The pace of Portugal's economic recovery has slowed down due to a fall in export orders and investment, the National Statistics Institute (INE) revealed on Monday.
Portugal's GDP fell 0.6 percent between January and March this year, according to INE, partly due to the temporary closure of a Galp refinery.
These figures are slightly higher than the 0.7 percent contraction forecast by INE last month, but have still hit a record high since the country was bailed out by the troika of international lenders in May 2011.
Exports most affected the country's GDP figures, falling by 1.1 percentage points Ecco Biom italia , while investment grew by 1.7 percent compared with the same period in 2013, but decelerated compared with the previous quarter.
The debt-laden country has been relying on export and investment to keep its economy afloat, with the country's current account moving into positive for the first time since the late 1960s.
Portugal has been struggling to implement structural reform to meet the terms of its 78-billion-euro (106 billion U.S.-dollar) bailout it signed in May 2011 with the and European Commission, the International Monetary Fund and the European Central Bank.
Though the country recently managed to exit its bailout program, its debt burden is still too high, thousands of businesses have had to close and thousands are struggling with unemployment or poor working conditions Ecco Collin italia , with the minimum salary per month below 500 euros.
The Bank of Portugal recently said in its semi-annual financial stability report that though significant improvements had been made in terms of exports and lowering its budget deficit, the economy still remained fragile, calling for the country to take measures to put the economy on track again. (1 euro=1.36 U.S. dollars)
BEIJING, Dec. 3 (Xinhua) -- Mutual respect and learning were highlighted at a high-level dialogue between the Communist Party of China (CPC) and political parties from around the world.
The attendees agreed to respect each other's choice of paths of development and values, and encourage mutual learning among civilizations, according to the Beijing Initiative adopted at the CPC in Dialogue with World Political Parties High-Level Meeting Ecco Soft 8 italia , which concluded on Sunday.
