Portugal's economy expanded at a faster pace in the first quarter, while consumer price inflation rose to the highest level in more than two-and-a-half years, separate reports from Statistics Portugal showed on Thursday.
Gross domestic product, or GDP, advanced 2.3 percent year-on-year in the March quarter, faster than the 1.9 percent rise in the fourth quarter, a flash estimate revealed. Further, this was the biggest growth since the fourth quarter of 2024.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.