Aside from the victory of Portugal in the Eurovision Song Contest, its economy accelerated at its fastest pace in almost a decade during the three-month period of 2017. The Portuguese economy expanded by 2.8 percent versus the same period in 2016, it further escalated by 1.0 percent in the past quarter. The GDP performance had exceeded the expected results due to stronger exports and better investments alongside the tourism industry. According Filipe Garcia, chief of Informação de Mercados Financeiros, said that the positive growth is caused by broad setting of Europe, considering the lower interest rates, ECB’s bond-buying programme that helped lessen the country risk and mainly on the improvement of the Portuguese Republic, particularly the booming of tourism and real estate market. The revenue of tourism in the country boost by more than 10 percent in 2016 and acquired a record of 12.6 billion euros.
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