LISBON£¬ March 29 (Xinhua) -- The Bank of Portugal on Wednesday upgraded its growth forecast for this year and the next two years£¬ estimating that the gross domestic product (GDP) will grow 1.8 percent in 2017.

According to the central bank's latest outlook£¬ the 2017 forecast for economic growth rose from 1.4 percent forecast in December.

Forecasts for the next two years also improved£¬ with the bank expecting the economy to grow 1.7 percent in 2018 and 1.6 percent in 2019£¬ an upward revision of 0.2 and 0.1 percentage points respectively.

The improved forecast is due to the a strong growth in exports£¬ according to the bank£¬ with exports of goods and services being "one of the most remarkable aspects of the adjustment process of the Portuguese economy."

The central bank also expects the surplus in trade balance in goods and services to drop from 2.2 percent of GDP in 2016 to 1.4 percent in 2017 and 1.3 percent in 2018£¬ before recovering slightly to 1.4 percent of GDP in 2019.

The bank expects the inflation rate to be 1.6 percent in 2017£¬ 1.5 percent in 2018 and 1.5 percent in 2019.

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BEIJING£¬ Aug. 16 (Xinhua) -- Apple CEO Tim Cook said Tuesday that smartphones are growing in importance as they add new functions£¬ and they will not be replaced by other products any time soon.

"For most people£¬ the smartphone is either the primary or the sole window that they have to the Internet... and there is nothing that eclipses it any time soon or maybe any time in the distant future£¬" he said in an interview with Xinhua in Beijing.

Cook is optimistic about the world smartphone market as penetration in many markets is very low£¬ such as India£¬ where the 4G network is just rolling out this year.

"It's not something you use once a month or once a week. You are gonna be using it all the time. It's a constant companion£¬" he said.

The company plans to release a new iPhone model in September. Its sales in China in recent quarters have not been that favorable.

Figures show the quarterly revenue of Apple in greater China£¬ including Hong Kong and Taiwan£¬ dropped by 33 percent year on year to 8.848 billion U.S. dollars from April to June.

According to statistics released last month by Counterpoint Research£¬ Apple dropped to the fifth place in China's mobile market in the first quarter£¬ after Huawei£¬ Vivo£¬ Oppo and Xiaomi£¬ which secured 53 percent of combined market share.

Cook responded that the company saw a significant reduction of ch. Cheap Jerseys   Cheap Jerseys China   Cheap Jerseys China   Cheap Jerseys China   Cheap Jerseys From China   Cheap Jerseys Wholesale   Cheap Custom Jerseys   Cheap New NHL Jerseys   Cheap NFL Football Jerseys   Wholesale Jerseys