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2016 OECD Economic Outlook, Volume 2016 Issue 1

image of OECD Economic Outlook, Volume 2016 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, a special chapter on promoting productivity and equality, a chapter summarising developments and providing projections for each individual country and a statistical annex.

 

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Portugal

Moderate growth is projected for 2016 and 2017. Private consumption will strengthen mildly due to lower unemployment, a higher minimum wage and reversals of public sector pay cuts. However, job creation will be too weak for consumer spending to expand at its current pace beyond 2016. High corporate leverage and weak bank conditions have been holding back investment. In 2017, investment will partly recover and somewhat compensate the loss of momentum in consumption.

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