During the first quarter of 2019, Portugal's GDP accelerated by 0.11 p.p. to a year-over-year growth rate of 1.80%, mainly due to the performance of the domestic sector. With regard to the labor market, the unemployment rate fell during the quarter to 6.57%, while the year-over-year growth rate of employment reduced its growth rate with respect to the previous quarter, to 1.50%. The euro remained constant against the dollar, with an exchange rate of 1.14 $/€. Lastly, inflation stood at 0.76%.
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