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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.
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Education at a Glance 2012: Country Notes - Portugal
Despite Portugal’s economic and political challenges, it is still committed to improving the environment. The government sees green investment in its stimulus package and green tax reform as part of the solution to the national budget deficit.