by Ben Westmore, Head of Portugal Desk, OECD Economics Department Portugal’s export performance has been impressive, sustaining the economy through years of weak domestic demand in the wake of the banking and sovereign debt crisis. As discussed in the 2019 OECD Economic Survey of Portugal, part of the improvement in exports has been due to … More Will the tourist flocks keep landing in Portugal?
by Sonia Araujo, Country Studies Branch, OECD Economics Department For each hour worked Portugal produces about half of the output produced in the United States. A historic legacy of very low education attainment is partly to blame for Portugal’s lower productivity. However, education attainment remains low even for those who have left the education system … More Raising skills holds the key to higher living standards and well-being in Portugal
By Jens Arnold, Portugal Desk, OECD Economics Department Portugal’s economy has successfully recovered from the strong recession that lasted until 2014. Nonetheless, the economy’s still low investment, which has declined far more than in other Euro area countries, remains a source of concern (Figure 1). Since 2012, investment has hardly exceeded the depreciation of the … More Portugal needs stronger investment to maintain growth and improve living standards
By Alvaro Pina, Head of European Union and Euro Area Desk, Country Studies Branch, OECD Economics Department Tomorrow the European Commission will assess again the fiscal situation of Portugal and Spain, and decide whether to recommend to the Council that the Excessive Deficit Procedure be stepped up for those countries, exposing them to various … More Fiscal policy in the euro area: in the current juncture, don’t apply sanctions