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OECD's 2014 Economic Survey of Portugal examines recent economic developments, policies and prospects. Special chapers cover boosting export performance and reducing inequality and poverty.
Following many years of a credit-fuelled expansion of the non-tradable sector and declining export performance, the financial crisis triggered a severe recession, leading to high unemployment and public debt. The authorities have been implementing a wideranging structural reform agenda, which is helping to rebalance the economy towards theexport sector. This is still work in progress, however. Public and private debt is high, translating into high external debt. Low expected inflation will create further challenges for debt reduction. Unemployment is falling, but it is still too high, and is a factor creating inequality and poverty. Against the background of a need to increase investment and alsoto reduce external debt, a sustained increase in exports will be key for creating jobs, and enhancing social inclusion.
The French economy rebounded quickly following the COVID-19 crisis, in particular thanks to the acceleration of the vaccination campaign and strong public support measures. Rapid and effective implementation of the recovery and investment plans would help support stronger and more sustainable growth.
The 2010 edition of OECD's periodic survey of the Portuguese economy. This edition includes chapters covering rebalancing the economy towards growth, moving towards a more efficient tax system and restoring productivity growth.
OECD's 1963 Economic Survey of Portugal examines general economic trends and policies, reviews the current economic situation, new economic policy measures and prospects, and draws a series of conclusions.
The Portuguese economy has rebounded strongly from the COVID-19 crisis. Though high inflation and weak global economic conditions have slowed growth in 2022, renewed fiscal support helped to cushion the impact. Public debt relative to GDP has declined below its 2019 level, but rapid population ageing and strong investment needs are increasing fiscal pressures.
In this 2004 review of Portugal’s economy, OECD recommends stepping up growth through policies that raise human capital, encourage the mobility of the labour force, and facilitate innovation and the diffusion of technological advances. This edition’s special feature covers the health care system.
The 2010 edition of OECD's periodic survey of the Portuguese economy. This edition includes chapters covering rebalancing the economy towards growth, moving towards a more efficient tax system and restoring productivity growth.