The Portuguese economy is gradually recovering from a deep recession thanks to a broad structural reform agenda that has led to rising economic growth, falling unemployment and remarkable progress in export performance.
Comprehensive reforms to Portugal’s labour market between 2011 and 2015 have helped create jobs and reduce the country’s high unemployment rate but important challenges remain, according to a new OECD report.
Portugal has endeavoured to maintain its foreign aid programme since the economic crisis, but its aid budget has been hit hard and a plan is needed to avoid a further decline and get back on a path towards internationally agreed targets, according to an OECD Review.
The Portuguese National Health Service has responded well to financial pressure, successfully balancing the twin priorities of financial consolidation and continuous quality improvement, according to a new OECD report.
Portugal has successfully completed a demanding reform and adjustment programme and is starting to see the benefits. Action to promote equity and quality in education and further labour market reforms are now necessary to help the country secure its future prosperity, according to a new OECD report.
The Global Forum on Transparency and Exchange of Information for Tax Purposes published today 9 new peer review reports, including a Phase 1 Supplementary Report for Switzerland, demonstrating continuing progress toward implementation of the international standard for exchange of information on request.
Fundamental reforms have helped put the Portuguese economy back on the right track, but a durable recovery will require additional measures to improve export competitiveness, create jobs and ensure social protection for those most in need, according to the latest OECD Economic Survey of Portugal.
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.
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.
Governments should invest more in disadvantaged schools and students to ensure that everyone gets a fair chance, according to a new OECD report.