Portugal

Portugal has cut public debt sharply, reached historically low unemployment and built a renewable-heavy electricity system, but productivity, housing and ageing will determine whether post-PRR growth produces durable convergence in living standards.

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LATEST STRUCTURAL DOSSIER · October 04, 2026

Portugal: fiscal repair, migration-led labour supply and the productivity test after the recovery-fund cycle

Portugal has cut public debt sharply, reached historically low unemployment and built a renewable-heavy electricity system, but productivity, housing and ageing will determine whether post-PRR growth produces durable convergence in living standards.

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