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Prime Minister Passos Coelho has defined as a key priority for his Government the promotion of economic growth and employment, while sheltering the social groups most affected by the recession. He has adopted courageous – and necessary – steps to address some of the underlying weaknesses of the Portuguese economy, said OECD Secretary-General.
Today the OECD is publishing a report on Portugal's challenges as far as structural reform is concerned. The OECD is an outstanding reference for policy-makers all around the world and I wanted my country to benefit from your skills, experience, and insights, especially on the question of structural reform, said the Portuguese Prime Minister.
Mr. Pedro Passos Coelho, Prime Minister of Portugal, will visit the OECD on Tuesday 14th May 2013.
Prime Minister Pedro Passos Coelho addressed the OECD Council of Ambassadors and met with senior OECD officials to discuss ways to boost productivity, improve skills and create jobs, and the role of the state in supporting inclusive growth.
Biographical note of Portugal's Permanent representative to the OECD.
The EU Better Regulation project is a partnership between the OECD and the European Commission. It draws on the initiatives for Better Regulation promoted by both organisations over the last few years.
Low growth and huge current account deficits have characterised the Portuguese economy over the past decade.
English, PDF, 2,009kb
Despite the expansion of the education system, educational attainment remains a challenge. Only half of 25-34 year-olds in Portugal had attained at least upper secondary education in 2010.
Owing to slow growth and a relatively weak fiscal position, Portugal’s public debt had been rising for almost a decade when the global crisis struck, sharply increasing the deficit.
This paper illustrates possible trade-offs between two different fiscal consolidation strategies in Portugal: sticking to the nominal fiscal targets in the EU-IMF programme or allowing automatic stabilisers to work, while sticking to the structural primary deficit targets implied by the programme.