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Having been hit hard by the global crisis, the Portuguese government has taken action to put its economy back on track, and to correct external and budgetary imbalances. This document highlights some key priorities to support economic growth and competitiveness through further productivity-enhancing structural reforms.
While in Lisbon, the Secretary-General had meetings with Mr. Aníbal Cavaco Silva, President of Portugal, Mr. Pedro Passos Coelho, Prime Minister of Portugal and Mr. Carlos Costa, Governor of the Banco de Portugal, as well as several Ministers and high level officials of Portugal.
The average worker in Portugal faced a tax burden on labour income (tax wedge) of 41.1% in 2013 compared with the OECD average of 35.9%. Portugal was ranked 12 of the 34 OECD member countries in this respect.
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Old-age poverty decreased in Portugal in the final few years of the last decade by more than twice the OECD average. The effective age of labour market exit is high in Portugal in international comparison...
Education at a Glance 2013 - Country notes and key fact tables
Portugal’s enforcement of its foreign bribery laws has been extremely low. Not a single prosecution has resulted from 15 allegations of Portuguese companies bribing foreign officials in high-risk countries.
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After two decades of strong economic growth and convergence in living standards towards the levels of more prosperous OECD countries, Portugal’s performance weakened in the 2000s, productivity growth slowed and competitiveness deteriorated. Restoring Portugal’s potential for strong, inclusive growth calls for a comprehensive reform of the State.
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.
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.
Low growth and huge current account deficits have characterised the Portuguese economy over the past decade.