Economy : OECD’s Gurría confident Portugal will weather economic crisis
27/09/2010 - Portugal has made major progress in modernising its economy over recent years but has been hit hard by the crisis, according to the OECD’s latest economic survey of the country.
The immediate challenge is to gain investor confidence by reinforcing Portugal’s public finances, it says. The government’s consolidation plan is the appropriate way forward but it is important that it continues to be implemented swiftly.
Launching the survey in Lisbon in the presence of Prime Minister Josè Sócrates, OECD Secretary-General Angel Gurría said. “I am confident Portugal will weather this crisis. The ambitious fiscal consolidation strategy must be backed by a strong political consensus which the country has in the past been able to achieve."
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