Portugal “Stuck” in a “Low-Growth Equilibrium”, Points Out a Study by Passos Coelho, Sousa Pinto and Botelho.
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"Several mutually reinforcing blockages" help explain "a kind of low-growth equilibrium," according to a study coordinated by Pedro Passos Coelho, Sérgio Sousa Pinto, and Nuno Botelho.
The first phase of the study, of diagnosis, is completed and has identified "blocks". Until the end of the year will be presented proposals for reforms in areas that allow the country to grow more.
Study of Steps Proposing Reforms for the Country Will Be Handed over to the Government and Insurance
Former Prime Minister Sérgio Sousa Pinto and Nuno Botelho are coordinating a study that will be presented at the end of the year and has already concluded that the central problem lies in productivity.
The former prime minister joined Sérgio Sousa Pinto and Nuno Botelho in a study that seeks to explain why Portugal continues to fail to converge with the most developed economies. The initial findings point to several mutually reinforcing obstacles.
The study seeks to answer a central question: why has Portugal grown little, lost relative position in the European Union and continues to do so without converging sustainably with the most developed economies? Blockages are identified in areas such as human capital and quality of management, investment and innovation, business scale, productive specialization, among others.
A study coordinated by Passos Coelho identifies low productivity as the main obstacle to Portugal's economic growth.
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