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2026.04.3008:42:03UTC+00Portugal GDP Stalls in Q1

Portugal’s GDP was unchanged in the first quarter of 2026, maintaining the 0.9% growth rate recorded in the previous quarter, according to a flash estimate. The figures reflect the significant impact of the war in the Middle East on the Portuguese economy. Net external demand made a negative contribution, in line with surging oil prices affecting imported crude for domestic refineries, as well as mounting supply pressures on European natural gas and petroleum gas. Household consumption also declined, constrained by a squeeze on domestic purchasing power. By contrast, investment increased over the period. On an annual basis, GDP grew by 2.3%.

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