OECD Economic Outlook, Volume 2013 Issue 1
The OECD Economic Outlook is the OECD’s twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.
Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, chapters summarising developments and providing projections for each individual country, a special chapter on growth prospects and fiscal requirements over the long term, and a statistical annex.
Portugal
Against the background of ongoing fiscal consolidation and weak external demand, the economy is projected to contract throughout 2013 and the unemployment rate to reach historical highs of more than 18%. As global conditions improve and domestic demand recovers, growth is expected to resume slowly. Inflation will remain very low over the projection horizon. The current account deficit will close in 2014, reflecting improvements in competitiveness, but also very weak domestic demand.
- Click to access:
-
Click to download PDF - 277.99KBPDF
-
Click to Read online and shareREAD