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Portugal recorded 2.3% annual GDP growth in the first quarter of 2026, as domestic demand offset a weaker external trade contribution.

IEA projects global energy investment at $3.4 trillion in 2026, led by electricity, clean energy, grids, storage, gas and coal spending.

EU goods imports reached €627.8 billion and exports hit €640.5 billion in Q1 2026, leaving a €12.7 billion surplus, Eurostat data showed.

UNCTAD projects global growth to slow to 2.6% in 2026 as trade, energy, food and finance pressures weigh on the broader world economy.

The EU fertiliser action plan seeks to secure supply, aid farmers with costs and reduce import dependence through domestic production.

Rosstat data showed Russia’s April inflation easing from March, with food prices lower on the month and services up 9.9 percent yearly.

The euro outpaced the U.S. dollar in extra-EU primary goods trade in 2025, leading exports and imports excluding petroleum for the EU.

Germany’s industrial production fell 0.7% in March 2026, led by declines in energy and machinery output, underscoring weakness in Europe’s largest economy.

UNCTAD says non-tariff measures now cost exporters more than tariffs in most countries, reshaping global trade and market access.

The EU selected nine hydrogen projects for €1.09 billion in funding, boosting clean energy capacity across seven European countries this week.