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Portugal’s economy grew 2.4% in Q3 2025, driven by domestic demand, with inflation falling to 2.2% in November.
Portugal's economy grew 2.4% annually in the third quarter of 2025, driven by domestic demand, with private consumption and investment supporting a 1.4 percentage point contribution to growth, according to the National Statistics Institute.
The expansion marked an acceleration from the previous quarter’s 1.8% rise, aided by a smaller drag from net external demand.
The government’s 2% annual growth projection for 2025 remains on track.
Inflation eased to 2.2% in November, down from 2.3% in October, with declines in energy and unprocessed food prices.
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La economía de Portugal creció un 2,4% en el tercer trimestre de 2025, impulsada por la demanda interna, y la inflación bajó al 2,2% en noviembre.