OECD Economic Surveys : Portugal 2022.

Format:

Book

Author/Creator:

Organization for Economic Cooperation and Development.

Series:

OECD Economic Surveys: Portugal

Language:

English

Subjects (All):

Economic surveys.

Portugal--Statistics.

Portugal.

Physical Description:

1 online resource (115 pages)

Other Title:

Portugal 2022

Place of Publication:

Paris : Organization for Economic Cooperation & Development, 2022.

Summary:

As in most OECD countries, the pandemic triggered a deep recession in Portugal and put huge pressure on the healthcare system. The policy response helped to weather the shock and the recovery has gained speed, sustained by progress in vaccination.

Contents:

Intro

Foreword

Table of contents

Basic statistics of Portugal, 2020

Executive Summary

Portugal has been recovering from a deep recession.

Policies can tackle poverty risks and tensions in health care.

A sustainable recovery requires addressing macroeconomic vulnerabilities.

Unleashing the digital potential can lift productivity growth.

1 Key policy insights

The COVID-19 crisis is threatening social and economic progress

Mitigating the social and economic impact of the pandemic

The COVID-19 outbreak has triggered a major health crisis

The economic recovery is fraught with risks

Policy support should continue, but adapt to the evolution of the pandemic

Supporting distressed firms

Stimulating activity through productive investment

Facilitating the restructuring of viable firms

Adapting job retention measures

Supporting job seekers

Strengthening macroeconomic fundamentals for a sustainable recovery

Improving the sustainability and the quality of public finances

Risks to public finance sustainability have increased

Moving towards a performance-oriented and transparent budget framework

Streamlining the tax system and removing distorting tax expenditures

Further enhancing the stability of the financial system

Policy reforms for more inclusive and greener growth

Tackling in-work poverty

Strengthening social assistance

Improving housing affordability

Adapting long-term care to fast population ageing

Moving towards a green and sustainable economy

Greening the transport sector

Transitioning to a circular economy

Improving water management

Ramping up efforts to fight corruption and money laundering

References

Annex 1.A. Progress on structural reforms

2 Getting the most of the digital transformation.

Portugal needs to accelerate the digital transition

The digital transition can foster resilience and growth, but risks increasing inequalities

A large share of the population lacks digital skills

Firms' uptake of digital tools remains uneven

The COVID-19 crisis has accelerated some changes in firms' business models

The COVID-19 crisis can exacerbate existing gaps in digital innovation

A successful digital transition hinges on the effective implementation of the Action Plan for Digital Transition

Securing a safe and high-quality digital environment for all

Providing affordable access to high-quality communication infrastructure

Promoting the effective and inclusive development of digital government

Fostering digital security and improving users' perceptions

Equipping workers with the skills needed in a digital economy

Providing foundational and digital skills to all

Strengthening schools' capacity for ICT use for teaching

Addressing shortages in ICT and other STEM fields

Promoting adult education

Addressing barriers to the successful digital transition of SMEs

Increasing awareness and management competences

Removing barriers to firm growth

Diversifying financing sources for ICT and intangible investment

Supporting start-up activity

References.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-38348-4

92-64-58123-5

92-64-64195-5