The economy

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Abstract

This chapter provides a description of the recent evolution of the Portuguese economy, focusing on the two decades before and the two decades after the turn of the century. The 21st century has been characterized by a disappointing record in terms of GDP growth, marked by two major crises and an unprecedented accumulation of public and external debt. Notwithstanding, poverty and inequality in the country have been steadily decreasing, except for temporary peaks. The chapter provides a subjective, impressionist list of bottlenecks of the Portuguese economy. It also discusses some features of the recovery and resilience plan, the post-Covid economic policy of the European Union. The chapter concludes by comparing the evolution of the Portuguese economy with some European Union counterparts on selected indicators.

Original languageEnglish
Title of host publicationPortugal in the 21st Century
PublisherTaylor & Francis Group
Pages62-78
Number of pages17
ISBN (Electronic)9781040127452
ISBN (Print)9781032784663
DOIs
Publication statusPublished - 1 Jan 2024

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