Portugal's economic growth moderated for the third straight quarter in the three months ended December amid a deceleration in the growth of domestic demand due to a decrease in private consumption and investment, flash data from Statistics Portugal showed on Tuesday.
Separate official data revealed that consumer price inflation eased for the third consecutive month in January amid a continued slowdown in the energy prices.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.