During the third quarter of 2018, Portugal's GDP experienced a deceleration of 0.32 p.p., reaching a year-over-year growth rate of 2.08%, mainly due to the behavior of internal demand. In terms of the labor market, the unemployment rate decreased over the previous quarter to 6.77%, while the y/y growth of employment decelerated from 2Q18 to a 2.12% rate. The euro depreciated against the dollar, registering an average exchange rate of 1.16 $/€. Lastly, inflation stood at 1.40%.
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